Franco-Nevada Co. (TSE:FNV) Director Boris De Vries Sells 500 Shares

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Boris De Vries sold 500 shares of Franco-Nevada stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$217.08, for a total value of C$108,540.35.

Franco-Nevada Price Performance

FNV stock traded up C$4.96 during midday trading on Thursday, hitting C$216.66. The company’s stock had a trading volume of 410,640 shares, compared to its average volume of 275,461. Franco-Nevada Co. has a twelve month low of C$153.62 and a twelve month high of C$219.99. The company’s fifty day moving average price is C$195.37 and its 200 day moving average price is C$179.27. The stock has a market capitalization of C$29.40 billion, a P/E ratio of -46.79, a PEG ratio of 5.00 and a beta of 0.68.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. National Bankshares cut their price objective on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday. CIBC lifted their price objective on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Canaccord Genuity Group cut their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Finally, TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective on the stock. in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Buy” and a consensus target price of C$194.10.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.