Franco-Nevada Co. (TSE:FNV) Senior Officer Sells C$1,270,422.53 in Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Senior Officer Sandip Rana sold 5,675 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$223.86, for a total transaction of C$1,270,422.53.

Franco-Nevada Trading Up 0.6 %

Shares of FNV traded up C$1.37 during midday trading on Monday, reaching C$224.90. 14,027 shares of the company were exchanged, compared to its average volume of 281,578. Franco-Nevada Co. has a 1-year low of C$154.38 and a 1-year high of C$225.77. The company has a market cap of C$30.52 billion, a price-to-earnings ratio of -48.57, a P/E/G ratio of 5.00 and a beta of 0.68. The stock has a 50-day moving average price of C$200.41 and a 200-day moving average price of C$181.59.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FNV. CIBC boosted their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a research report on Tuesday, March 11th. Finally, National Bankshares cut their price objective on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Franco-Nevada has an average rating of “Buy” and a consensus target price of C$194.10.

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.