Insider Selling: Franco-Nevada Co. (TSE:FNV) Director Sells C$364,221.50 in Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Paul Brink sold 2,315 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$157.33, for a total transaction of C$364,221.50.

Paul Brink also recently made the following trade(s):

• On Thursday, March 21st, Paul Brink sold 3,445 shares of Franco-Nevada stock. The stock was sold at an average price of C$158.93, for a total value of C$547,513.85.

Franco-Nevada Stock Up 1.4 %

TSE:FNV opened at C$161.40 on Friday. The company’s 50-day simple moving average is C$148.65 and its 200-day simple moving average is C$160.19. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. Franco-Nevada Co. has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70. The stock has a market capitalization of C$31.02 billion, a P/E ratio of -48.76, a P/E/G ratio of 5.00 and a beta of 0.59.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The company had revenue of C$412.95 million during the quarter. On average, equities analysts anticipate that Franco-Nevada Co. will post 4.038591 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.477 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio is currently -58.91%.

Analysts Set New Price Targets

A number of analysts have weighed in on FNV shares. Raymond James reduced their target price on Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Canaccord Genuity Group lowered their price objective on shares of Franco-Nevada from C$170.00 to C$165.00 in a research report on Wednesday, December 6th. National Bankshares dropped their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus lowered their price target on Franco-Nevada from C$186.00 to C$182.00 in a report on Friday, January 26th. Finally, Scotiabank lowered their target price on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$189.46.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.