Sandip Rana Sells 5,000 Shares of Franco-Nevada (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 5,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of C$364.37, for a total transaction of C$1,821,850.00. Following the completion of the transaction, the insider owned 60,274 shares in the company, valued at C$21,962,037.38. This represents a 7.66% decrease in their position.

Sandip Rana also recently made the following trade(s):

• On Wednesday, August 19th, Sandip Rana sold 10,000 shares of Franco-Nevada stock. The shares were sold at an average price of C$344.87, for a total value of C$3,448,700.00.

Franco-Nevada Stock Performance

TSE:FNV opened at C$375.33 on Wednesday. The stock has a market cap of C$72.39 billion, a price-to-earnings ratio of 49.06, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96. Franco-Nevada Co. has a one year low of C$252.72 and a one year high of C$388.22. The business’s 50-day simple moving average is C$310.83 and its 200 day simple moving average is C$326.12.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$2.57 earnings per share for the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%.The firm had revenue of C$825.33 million during the quarter. On average, equities research analysts predict that Franco-Nevada Co. will post 3.1114111 EPS for the current year.

Analyst Ratings Changes

FNV has been the subject of a number of recent analyst reports. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Stifel Nicolaus upped their price target on shares of Franco-Nevada from C$380.00 to C$390.00 in a report on Friday, July 17th. National Bank Financial upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and increased their price objective for the company from C$410.00 to C$420.00 in a research note on Wednesday, May 13th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus target price of C$356.56.

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. 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.