Thomas Albanese Sells 20,000 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNVGet Rating) (NYSE:FNV) Director Thomas Albanese sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of C$190.75, for a total transaction of C$3,814,914.00. Following the completion of the sale, the director now directly owns 17,500 shares of the company’s stock, valued at C$3,338,049.75.

Franco-Nevada Price Performance

FNV stock traded up C$0.74 on Thursday, reaching C$193.67. 41,153 shares of the company’s stock were exchanged, compared to its average volume of 423,035. The stock has a fifty day moving average of C$168.91 and a 200-day moving average of C$170.52. The firm has a market cap of C$37.12 billion and a PE ratio of 36.76. The company has a quick ratio of 23.26, a current ratio of 24.34 and a debt-to-equity ratio of 1.63. Franco-Nevada Co. has a twelve month low of C$151.08 and a twelve month high of C$216.32.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be paid a dividend of $0.436 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.41. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.90%. Franco-Nevada’s dividend payout ratio is 24.09%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Canaccord Genuity Group dropped their price target on Franco-Nevada from C$202.00 to C$195.00 in a research report on Thursday, October 20th. Barclays dropped their target price on Franco-Nevada to C$111.00 in a report on Monday, October 17th. BMO Capital Markets increased their price target on Franco-Nevada from C$224.00 to C$247.00 in a report on Tuesday, November 8th. Eight Capital dropped their price objective on shares of Franco-Nevada from C$230.00 to C$225.00 in a research note on Wednesday, October 26th. Finally, National Bankshares reduced their target price on shares of Franco-Nevada from C$205.00 to C$190.00 in a research note on Thursday, October 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$194.00.

Franco-Nevada Company Profile

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Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

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