Sandip Rana Sells 5,675 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Senior Officer Sandip Rana sold 5,675 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$223.86, for a total value of C$1,270,422.53.

Franco-Nevada Stock Down 0.3 %

Shares of TSE FNV opened at C$222.50 on Wednesday. The stock has a market cap of C$30.19 billion, a P/E ratio of -48.05, a P/E/G ratio of 5.00 and a beta of 0.68. The firm’s 50-day simple moving average is C$202.10 and its 200 day simple moving average is C$182.35. Franco-Nevada Co. has a fifty-two week low of C$154.38 and a fifty-two week high of C$226.04.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. CIBC raised their price target on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. National Bankshares cut their target price on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. Finally, TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.