Insider Selling: Franco-Nevada Co. (TSE:FNV) Director Sells 2,000 Shares of Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Boris De Vries sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$221.47, for a total transaction of C$442,940.00.

Boris De Vries also recently made the following trade(s):

• On Thursday, March 13th, Boris De Vries sold 500 shares of Franco-Nevada stock. The shares were sold at an average price of C$217.08, for a total transaction of C$108,540.35.

Franco-Nevada Stock Performance

FNV stock traded down C$0.62 during trading on Monday, reaching C$219.64. The company had a trading volume of 42,126 shares, compared to its average volume of 271,292. Franco-Nevada Co. has a twelve month low of C$154.18 and a twelve month high of C$223.14. The firm has a 50-day simple moving average of C$196.24 and a 200-day simple moving average of C$179.67. The company has a market cap of C$29.81 billion, a price-to-earnings ratio of -47.43, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Analysts Set New Price Targets

A number of research firms have commented on FNV. CIBC raised their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Canaccord Genuity Group cut their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective on the stock. in a research report on Tuesday, March 11th. Finally, National Bankshares cut their price objective on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada presently has an average rating of “Buy” and a consensus 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.