Adrian Wong Sells 310 Shares of Franco-Nevada (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Adrian Wong sold 310 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of C$256.50, for a total value of C$79,515.00. Following the sale, the insider owned 611 shares in the company, valued at approximately C$156,721.50. The trade was a 33.66% decrease in their position.

Adrian Wong also recently made the following trade(s):

• On Wednesday, September 10th, Adrian Wong sold 500 shares of Franco-Nevada stock. The shares were sold at an average price of C$275.00, for a total value of C$137,500.00.
• On Monday, September 8th, Adrian Wong sold 500 shares of Franco-Nevada stock. The shares were sold at an average price of C$272.00, for a total value of C$136,000.00.

Franco-Nevada Price Performance

TSE:FNV opened at C$279.53 on Friday. Franco-Nevada Co. has a fifty-two week low of C$157.70 and a fifty-two week high of C$279.77. The stock’s 50-day moving average is C$238.38 and its two-hundred day moving average is C$229.21. The stock has a market cap of C$53.87 billion, a PE ratio of 68.68, a price-to-earnings-growth ratio of 5.00 and a beta of 0.53.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FNV shares. Canaccord Genuity Group lifted their target price on Franco-Nevada from C$262.00 to C$267.00 in a research note on Tuesday, June 10th. Bank of America lifted their target price on Franco-Nevada from C$255.00 to C$290.00 in a research note on Friday, August 29th. Finally, BMO Capital Markets lifted their target price on Franco-Nevada from C$260.00 to C$261.00 in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Franco-Nevada currently has an average rating of “Strong Buy” and an average price target of C$240.00.

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.