Franco-Nevada (TSE:FNV) Given New C$266.00 Price Target at Bank of America

Franco-Nevada (TSE:FNV - Free Report) NYSE: FNV had its price objective trimmed by Bank of America from C$272.00 to C$266.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also weighed in on FNV. BMO Capital Markets raised shares of Franco-Nevada to a "strong-buy" rating in a report on Wednesday, April 16th. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 price objective on the stock. in a report on Tuesday, March 11th. CIBC increased their price objective on shares of Franco-Nevada from C$260.00 to C$280.00 in a report on Thursday, April 17th. Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$220.00 to C$265.00 in a report on Monday, April 21st. Finally, National Bankshares reduced their price target on Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th.

Franco-Nevada Price Performance

Shares of FNV traded down C$0.55 during trading hours on Wednesday, hitting C$231.96. The stock had a trading volume of 967,168 shares, compared to its average volume of 304,693. The company's fifty day moving average is C$227.50 and its two-hundred day moving average is C$201.35. Franco-Nevada has a 52 week low of C$156.31 and a 52 week high of C$245.55. The stock has a market capitalization of C$31.48 billion, a price-to-earnings ratio of -50.09, a P/E/G ratio of 5.00 and a beta of 0.68.

Insiders Place Their Bets

In other news, Director Boris De Vries sold 500 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. Also, Senior Officer Christopher Bell sold 731 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$224.94, for a total value of C$164,432.82. Over the last ninety days, insiders have sold 16,054 shares of company stock worth $3,563,292. Corporate insiders own 0.69% of the company's stock.

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.