Franco-Nevada (TSE:FNV) Insider Sells C$1,646,844.00 in 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 firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of C$274.47, for a total transaction of C$1,646,844.00. Following the completion of the sale, the insider owned 57,483 shares in the company, valued at C$15,777,588.94. This represents a 9.45% decrease in their position.

Franco-Nevada Price Performance

TSE FNV traded up C$3.28 during mid-day trading on Thursday, reaching C$278.65. 114,520 shares of the stock were exchanged, compared to its average volume of 303,420. Franco-Nevada Co. has a one year low of C$157.70 and a one year high of C$279.37. The stock has a market cap of C$53.70 billion, a P/E ratio of 68.46, a P/E/G ratio of 5.00 and a beta of 0.53. The stock has a 50 day simple moving average of C$237.29 and a 200-day simple moving average of C$228.86.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Franco-Nevada from C$262.00 to C$267.00 in a report on Tuesday, June 10th. BMO Capital Markets upped their price objective on shares of Franco-Nevada from C$260.00 to C$261.00 in a research note on Wednesday, May 28th. Finally, Bank of America upped their price objective on shares of Franco-Nevada from C$255.00 to C$290.00 in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy" and an average price target 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.

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