Franco-Nevada (TSE:FNV) Insider Christian Thatcher Sells 6,000 Shares

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 the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of C$273.00, for a total transaction of C$1,638,000.00.

Franco-Nevada Stock Down 0.6%

TSE:FNV traded down C$1.75 during trading hours on Friday, hitting C$277.78. 156,796 shares of the stock were exchanged, compared to its average volume of 303,155. The company has a market capitalization of C$53.53 billion, a P/E ratio of 68.25, a price-to-earnings-growth ratio of 5.00 and a beta of 0.53. Franco-Nevada Co. has a twelve month low of C$157.70 and a twelve month high of C$282.52. The company's 50 day moving average is C$239.42 and its two-hundred day moving average is C$229.74.

Analyst Upgrades and Downgrades

FNV has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price target on Franco-Nevada from C$262.00 to C$267.00 in a research report on Tuesday, June 10th. BMO Capital Markets raised their target price on Franco-Nevada from C$260.00 to C$261.00 in a report on Wednesday, May 28th. Finally, Bank of America boosted their target price on shares of Franco-Nevada from C$255.00 to C$290.00 in a research note on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Franco-Nevada currently 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.