Insider Selling: Franco-Nevada (TSE:FNV) Insider Sells 250 Shares of Stock

Key Points

• Bonavie Tek, an insider at Franco-Nevada, sold 250 shares at an average price of C$263.10, totaling C$65,776.00.
• The stock has experienced significant fluctuations with a 12-month low of C$157.70 and a high of C$296.05, and it recently traded up to C$294.95.
• Analysts have rated the stock with a consensus rating of Strong Buy and have set a new price target range, including Bank of America's increased target to C$290.00.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV insider Bonavie Tek sold 250 shares of Franco-Nevada stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of C$263.10, for a total value of C$65,776.00.

Franco-Nevada Stock Performance

Franco-Nevada stock traded up C$15.69 during trading hours on Friday, hitting C$294.95. 1,390,062 shares of the stock were exchanged, compared to its average volume of 310,016. Franco-Nevada Co. has a 12 month low of C$157.70 and a 12 month high of C$296.05. The business's 50-day moving average is C$245.65 and its two-hundred day moving average is C$232.42. The stock has a market capitalization of C$56.84 billion, a P/E ratio of 72.47, a P/E/G ratio of 5.00 and a beta of 0.53.

Analysts Set New Price Targets

FNV has been the topic of a number of research analyst reports. Bank of America upped 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 increased their price objective on shares of Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Finally, Canaccord Genuity Group increased their target price on shares of Franco-Nevada from C$262.00 to C$267.00 in a research report on Tuesday, June 10th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Strong Buy" and a consensus 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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