Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Senior Officer Philip Dane Wilson sold 15,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$125.61, for a total transaction of C$1,884,195.00. Following the transaction, the insider now owns 11,139 shares of the company’s stock, valued at approximately C$1,399,203.21.
Philip Dane Wilson also recently made the following trade(s):
- On Monday, June 17th, Philip Dane Wilson sold 8,000 shares of Franco Nevada stock. The stock was sold at an average price of C$106.00, for a total transaction of C$848,000.00.
FNV stock opened at C$122.84 on Friday. The firm has a 50 day moving average of C$116.17 and a 200-day moving average of C$104.71. The company has a current ratio of 2.67, a quick ratio of 2.49 and a debt-to-equity ratio of 9.06. Franco Nevada Corp has a 12 month low of C$76.53 and a 12 month high of C$127.92. The firm has a market capitalization of $23.22 billion and a P/E ratio of 152.79.
A number of equities analysts have weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating on shares of Franco Nevada in a research report on Thursday, August 8th. Canaccord Genuity raised their price objective on shares of Franco Nevada from C$125.00 to C$127.00 in a research report on Friday, July 19th. National Bank Financial raised their price objective on shares of Franco Nevada from C$127.50 to C$130.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. CIBC raised their price objective on shares of Franco Nevada from C$120.00 to C$125.00 in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Franco Nevada from C$110.00 to C$117.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, Franco Nevada currently has a consensus rating of “Hold” and a consensus price target of C$123.50.
About Franco Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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