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

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 10,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of C$344.87, for a total value of C$3,448,700.00. Following the transaction, the insider directly owned 60,274 shares in the company, valued at C$20,786,694.38. The trade was a 14.23% decrease in their ownership of the stock.

Franco-Nevada Price Performance

FNV stock opened at C$356.74 on Friday. The company has a market cap of C$68.80 billion, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96. Franco-Nevada Co. has a 1 year low of C$247.96 and a 1 year high of C$388.22. The stock’s fifty day moving average price is C$307.07 and its 200-day moving average price is C$325.10.

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

Analyst Ratings Changes

FNV has been the topic of several recent research reports. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. National Bank Financial upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and boosted their target price for the company from C$410.00 to C$420.00 in a research report on Wednesday, May 13th. Stifel Nicolaus upped their target price on shares of Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus target price of C$356.56.

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. 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.