Jeffery Jenkins Sells 5,000 Shares of Franco Nevada Corp (FNV) Stock
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Director Jeffery Jenkins sold 5,000 shares of Franco Nevada Corp stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of C$73.73, for a total transaction of C$368,650.00.
Shares of Franco Nevada Corp (TSE:FNV) traded down 0.44% during trading on Friday, hitting $95.11. 1,268,053 shares of the stock were exchanged. The firm has a market capitalization of $17.19 billion and a price-to-earnings ratio of 124.98. Franco Nevada Corp has a 52 week low of $71.44 and a 52 week high of $105.69. The stock’s 50 day moving average price is $96.64 and its 200 day moving average price is $87.62.
TRADEMARK VIOLATION NOTICE: This news story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/06/16/jeffery-jenkins-sells-5000-shares-of-franco-nevada-corp-fnv-stock-updated-updated.html.
A number of research analysts recently issued reports on the stock. TD Securities raised shares of Franco Nevada Corp from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$71.00 to C$83.00 in a research note on Monday, March 27th. Scotiabank lifted their price objective on shares of Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 11th. Clarkson Capital reissued a “neutral” rating on shares of Franco Nevada Corp in a research note on Wednesday, May 10th. Finally, CIBC decreased their price objective on shares of Franco Nevada Corp from C$105.00 to C$95.00 in a research note on Thursday, May 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$94.57.
About Franco Nevada Corp
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
Receive News & Stock Ratings for Franco Nevada Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada Corp and related stocks with our FREE daily email newsletter.