Bonavie Tek Sells 115 Shares of Franco-Nevada (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Bonavie Tek sold 115 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$290.52, for a total transaction of C$33,409.80.

Franco-Nevada Stock Performance

TSE:FNV traded up C$4.64 during mid-day trading on Friday, reaching C$292.25. The stock had a trading volume of 951,226 shares, compared to its average volume of 324,373. Franco-Nevada Co. has a twelve month low of C$165.36 and a twelve month high of C$314.53. The business has a 50 day simple moving average of C$278.61 and a 200 day simple moving average of C$259.05. The firm has a market capitalization of C$56.34 billion, a price-to-earnings ratio of 61.27, a PEG ratio of 5.00 and a beta of 0.74.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Monday, November 3rd. The company reported C$1.43 earnings per share (EPS) for the quarter. Franco-Nevada had a negative return on equity of 10.83% and a negative net margin of 57.55%.The business had revenue of C$679.08 million during the quarter. As a group, sell-side analysts expect that Franco-Nevada Co. will post 3.1114111 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FNV. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and upped their price target for the stock from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. UBS Group upped their target price on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Bank of America lifted their price target on shares of Franco-Nevada from C$255.00 to C$290.00 in a research report on Friday, August 29th. TD Securities decreased their price target on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. Finally, CIBC raised their price objective on Franco-Nevada from C$315.00 to C$460.00 in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$287.33.

Franco-Nevada Company Profile

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. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.