Insider Selling: Franco-Nevada Co. (TSE:FNV) Senior Officer Sells 330 Shares of Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70.

Franco-Nevada Price Performance

TSE:FNV opened at C$161.40 on Friday. The business’s 50-day moving average price is C$148.65 and its 200 day moving average price is C$160.19. The firm has a market cap of C$31.02 billion, a P/E ratio of -48.76, a PEG ratio of 5.00 and a beta of 0.59. Franco-Nevada Co. has a 52-week low of C$139.19 and a 52-week high of C$217.70. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The firm had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. As a group, sell-side analysts predict that Franco-Nevada Co. will post 4.038591 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.477 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.91 dividend on an annualized basis and a yield of 1.18%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. Franco-Nevada’s dividend payout ratio (DPR) is currently -58.91%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FNV shares. BMO Capital Markets cut their target price on Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Stifel Nicolaus lowered their price target on Franco-Nevada from C$186.00 to C$182.00 in a report on Friday, January 26th. Raymond James lowered their price target on Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Scotiabank lowered their price target on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. Finally, Canaccord Genuity Group lowered their price target on Franco-Nevada from C$170.00 to C$165.00 in a report on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus target price of C$189.46.

About Franco-Nevada

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.