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

Key Points

• Insider Transaction: Franco-Nevada insider Christian Thatcher sold 6,000 shares at an average price of C$273.00, totaling C$1,638,000, on September 8th.
• Stock Performance: Following the sale, Franco-Nevada's stock decreased by 0.2%, trading at C$272.02 with a market capitalization of C$52.42 billion.
• Analyst Ratings: The stock is rated as a "Strong Buy" by three analysts, with Bank of America recently raising the target price from C$255.00 to C$290.00.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV insider Christian Thatcher sold 6,000 shares of Franco-Nevada stock in a transaction dated Monday, September 8th. The stock was sold at an average price of C$273.00, for a total value of C$1,638,000.00.

Franco-Nevada Price Performance

Shares of FNV stock traded down C$1.75 during trading hours on Friday, hitting C$277.78. The stock had a trading volume of 156,796 shares, compared to its average volume of 303,155. Franco-Nevada Co. has a one year low of C$157.70 and a one year high of C$282.52. The stock's 50-day moving average price is C$239.42 and its two-hundred day moving average price is C$229.96. The stock has a market capitalization of C$53.53 billion, a price-to-earnings ratio of 68.25, a PEG ratio of 5.00 and a beta of 0.53.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FNV shares. BMO Capital Markets boosted their price objective on Franco-Nevada from C$260.00 to C$261.00 in a research note on Wednesday, May 28th. Bank of America boosted their price target on Franco-Nevada from C$255.00 to C$290.00 in a report on Friday, August 29th. Finally, Canaccord Genuity Group boosted their price target on Franco-Nevada from C$262.00 to C$267.00 in a report on Tuesday, June 10th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy" and an average 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.