Insider Selling: Franco-Nevada (TSE:FNV) Insider Sells 6,000 Shares of Stock

Key Points

• Franco-Nevada insider Sandip Rana sold 6,000 shares for a total of C$1,646,844.00, reducing their stake by 9.45% to 57,483 shares.
• The company's stock price increased by C$3.28 to C$278.65, with a yearly range of C$157.70 to C$279.37 and a market cap of C$53.70 billion.
• Analysts have raised their price targets for Franco-Nevada, with Bank of America setting a notable target of C$290.00 and a consensus rating of "Strong Buy."

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV insider Sandip Rana sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$274.47, for a total transaction of C$1,646,844.00. Following the completion of the transaction, the insider owned 57,483 shares of the company's stock, valued at approximately C$15,777,588.94. The trade was a 9.45% decrease in their ownership of the stock.

Franco-Nevada Stock Performance

Shares of FNV traded down C$5.10 during mid-day trading on Tuesday, reaching C$275.67. The stock had a trading volume of 442,086 shares, compared to its average volume of 303,850. The firm has a market cap of C$53.12 billion, a price-to-earnings ratio of 67.73, a PEG ratio of 5.00 and a beta of 0.53. Franco-Nevada Co. has a 12 month low of C$157.70 and a 12 month high of C$282.85. The business has a fifty day moving average of C$240.52 and a 200 day moving average of C$230.69.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Franco-Nevada from C$255.00 to C$290.00 in a report on Friday, August 29th. BMO Capital Markets upped their price target on shares of Franco-Nevada from C$260.00 to C$261.00 in a research note on Wednesday, May 28th. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Strong Buy" and a consensus target price of C$240.00.

About Franco-Nevada

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.