Franco-Nevada (TSE:FNV) Director Sells C$524,598.00 in Stock

Key Points

• Franco-Nevada Director Boris De Vries sold 2,000 shares for C$524,598, reducing his holdings by 29.54% to 4,770 shares.
• The company's stock price rose by 5.6%, reaching C$294.95, with a market capitalization of C$56.84 billion.
• Analysts have issued price target increases for Franco-Nevada, with a current consensus price target of C$240.00 and a "Strong Buy" rating from three analysts.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV Director Boris De Vries sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of C$262.30, for a total transaction of C$524,598.00. Following the completion of the transaction, the director directly owned 4,770 shares in the company, valued at C$1,251,166.23. This represents a 29.54% decrease in their position.

Franco-Nevada Stock Up 0.3%

FNV stock traded up C$0.85 during trading on Monday, hitting C$295.80. The company had a trading volume of 358,623 shares, compared to its average volume of 309,321. The firm has a market capitalization of C$57.00 billion, a P/E ratio of 72.68, a PEG ratio of 5.00 and a beta of 0.53. Franco-Nevada Co. has a 52-week low of C$157.70 and a 52-week high of C$298.25. The company has a 50 day simple moving average of C$245.65 and a 200-day simple moving average of C$232.76.

Wall Street Analyst Weigh In

FNV has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Canaccord Genuity Group upped their price target on shares of Franco-Nevada from C$262.00 to C$267.00 in a research note on Tuesday, June 10th. Finally, Bank of America raised their price target on shares of Franco-Nevada from C$255.00 to C$290.00 in a report on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company 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.