Paul Brink Sells 2,315 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Paul Brink sold 2,315 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$157.33, for a total transaction of C$364,221.50.

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

• On Thursday, March 21st, Paul Brink sold 3,445 shares of Franco-Nevada stock. The shares were sold at an average price of C$158.93, for a total transaction of C$547,513.85.

Franco-Nevada Stock Up 3.0 %

Shares of TSE:FNV opened at C$159.13 on Thursday. The company has a current ratio of 41.21, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The company has a fifty day simple moving average of C$148.37 and a 200 day simple moving average of C$160.20. The firm has a market cap of C$30.58 billion, a PE ratio of -48.08, a price-to-earnings-growth ratio of 5.00 and a beta of 0.59. Franco-Nevada Co. has a 12-month low of C$139.19 and a 12-month high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. On average, equities research analysts anticipate that Franco-Nevada Co. will post 4.038591 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

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

Analyst Ratings Changes

FNV has been the topic of several research reports. BMO Capital Markets cut their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Scotiabank cut their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. National Bankshares cut their price target on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. Canaccord Genuity Group cut their price target on shares of Franco-Nevada from C$170.00 to C$165.00 in a report on Wednesday, December 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Franco-Nevada from C$186.00 to C$182.00 in a research note on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.