Franco-Nevada Co. (TSE:FNV) Director Sells C$547,513.85 in Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85.

Paul Brink also recently made the following trade(s):

• On Monday, March 25th, Paul Brink sold 2,315 shares of Franco-Nevada stock. The shares were sold at an average price of C$157.33, for a total value of C$364,221.50.

Franco-Nevada Trading Up 3.0 %

FNV stock opened at C$159.13 on Thursday. The business has a fifty day moving average price of C$148.37 and a 200 day moving average price of C$160.20. Franco-Nevada Co. has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70. The stock has a market capitalization of C$30.58 billion, a price-to-earnings ratio of -48.08, a P/E/G ratio of 5.00 and a beta of 0.59. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, beating the consensus estimate of C$1.07 by C$0.16. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. Analysts expect that Franco-Nevada Co. will post 4.038591 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be paid a dividend of $0.477 per share. The ex-dividend date is Wednesday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.20%. Franco-Nevada’s payout ratio is -58.91%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FNV shares. Stifel Nicolaus lowered their target price on Franco-Nevada from C$186.00 to C$182.00 in a report on Friday, January 26th. National Bankshares reduced their price objective on Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Raymond James reduced their price objective on Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. BMO Capital Markets reduced their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research report on Wednesday, March 6th. Finally, Scotiabank reduced their price objective on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.