Franco-Nevada (TSE:FNV) Insider Sells C$3,448,700.00 in Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total transaction of C$3,448,700.00. Following the completion of the transaction, the insider owned 60,274 shares in the company, valued at approximately C$20,786,694.38. The trade was a 14.23% decrease in their position.

Franco-Nevada Stock Performance

Shares of FNV stock opened at C$365.83 on Friday. The company has a market capitalization of C$70.55 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96. Franco-Nevada Co. has a one year low of C$251.73 and a one year high of C$388.22. The company’s 50-day moving average is C$308.52 and its 200 day moving average is C$325.39.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share (EPS) for the quarter. The business had revenue of C$825.33 million during the quarter. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. As a group, research analysts predict that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FNV. National Bank Financial raised Franco-Nevada from a “hold” rating to a “strong-buy” rating and upped their price objective for the company from C$410.00 to C$420.00 in a research report on Wednesday, May 13th. Stifel Nicolaus lifted their target price on Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, TD Securities raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of C$356.56.

About Franco-Nevada

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.