Franco-Nevada (TSE:FNV) Insider Adrian Wong Sells 310 Shares

Key Points

• Insider Adrian Wong sold 310 shares of Franco-Nevada stock at an average price of C$256.50, marking a 33.66% decrease in his position.
• Franco-Nevada shares traded down 0.2%, reaching C$272.07, with a market cap of C$52.43 billion and a PE ratio of 66.85.
• Analysts have increased their target price for Franco-Nevada, with Bank of America raising it to C$290.00, and the stock holds a consensus rating of "Strong Buy."

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV insider Adrian Wong sold 310 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of C$256.50, for a total value of C$79,515.00. Following the completion of the transaction, the insider directly owned 611 shares in the company, valued at approximately C$156,721.50. This trade represents a 33.66% decrease in their position.

Adrian Wong also recently made the following trade(s):

• On Monday, September 8th, Adrian Wong sold 500 shares of Franco-Nevada stock. The stock was sold at an average price of C$272.00, for a total value of C$136,000.00.

Franco-Nevada Trading Down 0.2%

FNV traded down C$0.49 during mid-day trading on Tuesday, hitting C$272.07. 154,171 shares of the stock were exchanged, compared to its average volume of 303,984. The firm's fifty day moving average is C$235.28 and its two-hundred day moving average is C$228.02. Franco-Nevada Co. has a 1-year low of C$157.70 and a 1-year high of C$273.78. The company has a market cap of C$52.43 billion, a PE ratio of 66.85, a PEG ratio of 5.00 and a beta of 0.53.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets increased their target price on Franco-Nevada from C$260.00 to C$261.00 in a research note on Wednesday, May 28th. Bank of America increased their price target on Franco-Nevada from C$255.00 to C$290.00 in a research report on Friday, August 29th. Finally, Canaccord Genuity Group increased their price target on Franco-Nevada from C$262.00 to C$267.00 in a research report on Tuesday, June 10th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.

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