Franco Nevada Corp (FNV) Director Sells C$4,793,667.68 in Stock
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Director David Harquail sold 47,594 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of C$100.72, for a total transaction of C$4,793,667.68.
David Harquail also recently made the following trade(s):
- On Thursday, May 18th, David Harquail sold 35,353 shares of Franco Nevada Corp stock. The stock was sold at an average price of C$98.83, for a total transaction of C$3,493,936.99.
Shares of Franco Nevada Corp (TSE FNV) traded up 2.60% on Wednesday, reaching $100.87. 876,483 shares of the company’s stock traded hands. The firm has a market capitalization of $18.23 billion and a P/E ratio of 132.55. Franco Nevada Corp has a 52 week low of $71.44 and a 52 week high of $105.69. The firm’s 50 day moving average is $94.38 and its 200 day moving average is $85.79.
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A number of research firms have recently commented on FNV. TD Securities upgraded shares of Franco Nevada Corp from a “hold” rating to a “buy” rating and upped their price target for the stock from C$71.00 to C$83.00 in a report on Monday, March 27th. Scotiabank upped their price target on shares of Franco Nevada Corp to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 11th. Clarkson Capital restated a “neutral” rating on shares of Franco Nevada Corp in a report on Wednesday, May 10th. CIBC cut their price target on shares of Franco Nevada Corp from C$105.00 to C$95.00 in a report on Thursday, May 11th. Finally, Goldman Sachs Group Inc upgraded shares of Franco Nevada Corp from a “sell” rating to a “neutral” rating in a report on Thursday, February 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$94.57.
About Franco Nevada Corp
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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