Insider Selling: Franco-Nevada Co. (TSE:FNV) Senior Officer Sells 530 Shares of Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Senior Officer Adrian Wong sold 530 shares of Franco-Nevada stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$162.20, for a total transaction of C$85,966.00.

Franco-Nevada Stock Performance

Shares of FNV opened at C$162.57 on Thursday. Franco-Nevada Co. has a 12-month low of C$139.19 and a 12-month high of C$198.00. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The company has a market cap of C$31.26 billion, a PE ratio of -46.99, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. The stock has a 50-day moving average price of C$166.95 and a 200-day moving average price of C$156.15.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Wednesday, May 1st. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.94 by C$0.08. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. The business had revenue of C$346.20 million during the quarter. As a group, equities analysts forecast that Franco-Nevada Co. will post 4.5495327 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a $0.487 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 annualized dividend and a yield of 1.20%. Franco-Nevada’s payout ratio is -57.23%.

Analysts Set New Price Targets

A number of analysts have issued reports on FNV shares. Eight Capital raised their target price on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Raymond James boosted their price objective on Franco-Nevada from C$150.00 to C$151.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Scotiabank cut their target price on shares of 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. National Bankshares boosted their price target on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets cut their price objective on shares of Franco-Nevada from C$205.00 to C$201.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$188.82.

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.