Franco-Nevada (TSE:FNV) Insider Sells C$1,821,850.00 in Stock

Key Points

• Insider selling: Sandip Rana sold 5,000 Franco-Nevada shares for C$1.82 million, reducing his position by 7.66% to 60,274 shares. He also sold 10,000 shares for C$3.45 million two days earlier.
• Stock performance: Franco-Nevada shares rose 1.8% to C$372.44, near their 52-week high of C$388.22, with a market capitalization of approximately C$71.83 billion.
• Analyst sentiment remains positive: Recent upgrades helped produce a consensus “Strong Buy” rating, although the average price target of C$356.56 is below the reported share price.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV insider Sandip Rana sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$364.37, for a total transaction of C$1,821,850.00. Following the completion of the sale, the insider owned 60,274 shares in the company, valued at C$21,962,037.38. This represents a 7.66% decrease in their position.

Sandip Rana also recently made the following trade(s):

• On Wednesday, August 19th, Sandip Rana sold 10,000 shares of Franco-Nevada stock. The stock was sold at an average price of C$344.87, for a total transaction of C$3,448,700.00.

Franco-Nevada Stock Up 1.8%

FNV traded up C$6.61 during mid-day trading on Monday, reaching C$372.44. 123,593 shares of the company traded hands, compared to its average volume of 387,648. The stock has a market capitalization of C$71.83 billion, a P/E ratio of 48.68, a P/E/G ratio of 5.00 and a beta of 0.96. The company's fifty day moving average price is C$308.52 and its 200-day moving average price is C$325.44. Franco-Nevada Co. has a 52-week low of C$252.72 and a 52-week high of C$388.22.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. The company had revenue of C$825.33 million during the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%. As a group, sell-side analysts forecast that Franco-Nevada Co. will post 3.1114111 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FNV has been the topic of a number of research reports. National Bank Financial raised shares of Franco-Nevada from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from C$410.00 to C$420.00 in a report on Wednesday, May 13th. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. TD Securities upgraded shares of Franco-Nevada from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 20th. Finally, Stifel Nicolaus lifted their price target on shares of Franco-Nevada from C$380.00 to C$390.00 in a research note on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Strong Buy" and an average price target of C$356.56.

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. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.

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