Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Senior Officer Philip Dane Wilson sold 15,000 shares of the firm’s 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 completion of the transaction, the insider now owns 11,139 shares in the company, valued at 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.
TSE:FNV traded down C$1.34 during mid-day trading on Tuesday, hitting C$123.32. The stock had a trading volume of 962,281 shares, compared to its average volume of 515,879. The stock has a market capitalization of $23.22 billion and a PE ratio of 153.38. The stock’s 50 day moving average is C$115.43. Franco Nevada Corp has a 52 week low of C$76.53 and a 52 week high of C$127.92. The company has a debt-to-equity ratio of 9.06, a current ratio of 2.67 and a quick ratio of 2.49.
Several brokerages recently weighed in on FNV. CIBC lifted their price objective on shares of Franco Nevada from C$120.00 to C$125.00 in a research report on Monday, July 15th. National Bank Financial lifted 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. Eight Capital downgraded shares of Franco Nevada from a “buy” rating to a “neutral” rating and lifted their price objective for the company from C$110.00 to C$125.00 in a research report on Thursday, August 8th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Franco Nevada in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Franco Nevada from C$97.50 to C$110.00 in a research report on Monday, July 8th. Five research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of C$122.33.
Franco Nevada Company Profile
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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