Insider Selling: Franco-Nevada (TSE:FNV) Insider Sells 500 Shares of Stock

Key Points

• Franco-Nevada insider Adrian Wong sold 500 shares for a total of C$136,000, resulting in a 4.94% decrease in his ownership of the company.
• The company's stock performance indicated a current trading price of C$272.02 and has seen significant price targets raised by analysts, with Bank of America recently increasing its target to C$290.00.
• Franco-Nevada is primarily a precious-metals-focused royalty and investment company, generating revenue primarily from gold, silver, and platinum, without operating mines or conducting exploration.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV insider Adrian Wong sold 500 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of C$272.00, for a total value of C$136,000.00. Following the completion of the transaction, the insider directly owned 9,613 shares in the company, valued at approximately C$2,614,736. This trade represents a 4.94% 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 Tuesday, August 26th, Adrian Wong sold 310 shares of Franco-Nevada stock. The shares were sold at an average price of C$256.50, for a total value of C$79,515.00.

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock traded down C$1.75 during trading hours on Friday, hitting C$277.78. The company's stock had a trading volume of 156,796 shares, compared to its average volume of 303,155. Franco-Nevada Co. has a twelve month low of C$157.70 and a twelve month high of C$282.52. The firm has a fifty day moving average of C$239.42 and a 200-day moving average of C$229.96. The stock has a market cap of C$53.53 billion, a price-to-earnings ratio of 68.25, a P/E/G ratio of 5.00 and a beta of 0.53.

Analyst Ratings Changes

Several brokerages have recently commented on FNV. Canaccord Genuity Group upped their price target on Franco-Nevada from C$262.00 to C$267.00 in a research note on Tuesday, June 10th. Bank of America upped their price target on Franco-Nevada from C$255.00 to C$290.00 in a research note on Friday, August 29th. Finally, BMO Capital Markets boosted their price objective 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Strong Buy" and a consensus target price 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.