Franco-Nevada (TSE:FNV) Insider Sandip Rana Sells 5,000 Shares of Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$364.37, for a total value of C$1,821,850.00. Following the completion of the transaction, the insider owned 60,274 shares of the company’s stock, valued at approximately C$21,962,037.38. This represents a 7.66% decrease in their position.

Sandip Rana also recently made the following trade(s):

• On Wednesday, August 19th, Sandip Rana sold 10,000 shares of Franco-Nevada stock. The shares were sold at an average price of C$344.87, for a total transaction of C$3,448,700.00.

Franco-Nevada Trading Up 2.2%

TSE FNV opened at C$374.01 on Tuesday. The company’s fifty day simple moving average is C$309.78 and its 200-day simple moving average is C$325.78. Franco-Nevada Co. has a 52 week low of C$252.72 and a 52 week high of C$388.22. The stock has a market cap of C$72.14 billion, a P/E ratio of 48.89, a PEG ratio of 5.00 and a beta of 0.96.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share 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%. On average, research analysts expect that Franco-Nevada Co. will post 3.1114111 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Franco-Nevada Company Profile

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.