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 Franco-Nevada 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 sale, the insider directly owned 611 shares of the company's stock, valued at approximately C$156,721.50. This represents a 33.66% decrease in their position.

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

• On Wednesday, September 10th, Adrian Wong sold 500 shares of Franco-Nevada stock. The shares were sold at an average price of C$275.00, for a total value of C$137,500.00.
• On Monday, September 8th, Adrian Wong sold 500 shares of Franco-Nevada stock. The shares were sold at an average price of C$272.00, for a total value of C$136,000.00.

Franco-Nevada Stock Down 0.6%

Shares of TSE:FNV traded down C$1.75 during midday trading on Friday, reaching C$277.78. The company's stock had a trading volume of 156,796 shares, compared to its average volume of 303,155. The firm has a market cap of C$53.53 billion, a price-to-earnings ratio of 68.25, a price-to-earnings-growth ratio of 5.00 and a beta of 0.53. Franco-Nevada Co. has a 1 year low of C$157.70 and a 1 year high of C$282.52. The business has a 50 day moving average price of C$239.42 and a 200 day moving average price of C$229.96.

Analyst Upgrades and Downgrades

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