Adrian Wong Sells 530 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Senior Officer Adrian Wong sold 530 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00.

Franco-Nevada Price Performance

Shares of TSE FNV opened at C$162.57 on Thursday. Franco-Nevada Co. has a twelve month low of C$139.19 and a twelve month high of C$198.00. The company has a market cap of C$31.26 billion, a PE ratio of -46.99, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. The business’s 50 day moving average price is C$166.95 and its two-hundred day moving average price is C$156.15. The company has a quick ratio of 23.26, a current ratio of 29.40 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.08. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. The business had revenue of C$346.20 million for the quarter. On average, analysts predict that Franco-Nevada Co. will post 4.5495327 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a dividend of $0.487 per share. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.20%. Franco-Nevada’s payout ratio is presently -57.23%.

Analyst Upgrades and Downgrades

FNV has been the topic of a number of research reports. Eight Capital boosted their price objective on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Veritas Investment Research increased their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Stifel Nicolaus lifted their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Bank of America increased their price target on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Finally, Scotiabank decreased their price target on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$188.82.

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.