Sandip Rana Sells 10,000 Shares of Franco-Nevada (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 10,000 shares of the 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 transaction, the insider directly owned 60,274 shares of the company’s stock, valued at C$20,786,694.38. This represents a 14.23% decrease in their ownership of the stock.

Franco-Nevada Price Performance

Shares of FNV stock traded up C$5.78 during midday trading on Thursday, reaching C$352.65. 258,085 shares of the company traded hands, compared to its average volume of 387,295. The firm’s 50 day simple moving average is C$305.74 and its two-hundred day simple moving average is C$324.83. Franco-Nevada Co. has a 1-year low of C$247.96 and a 1-year high of C$388.22. The firm has a market cap of C$68.01 billion, a PE ratio of 46.10, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96.

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

Analysts Set New Price Targets

FNV has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Franco-Nevada from C$380.00 to C$390.00 in a research report on Friday, July 17th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. National Bank Financial raised shares of 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 note on Wednesday, May 13th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, BMO Capital Markets boosted their price target on Franco-Nevada from C$370.00 to C$410.00 in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, Franco-Nevada presently 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.