Insider Selling: Franco Nevada Corp (FNV) Insider Sells 643 Shares of Stock
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) insider Kerry Elwyn Sparkes sold 643 shares of Franco Nevada Corp stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of C$103.36, for a total value of C$66,460.48.
Franco Nevada Corp (TSE FNV) traded up 0.38% during mid-day trading on Tuesday, hitting $102.55. The stock had a trading volume of 676,199 shares. Franco Nevada Corp has a 12-month low of $71.44 and a 12-month high of $103.37. The stock has a 50-day moving average price of $94.10 and a 200 day moving average price of $92.38. The firm has a market cap of $19.02 billion and a P/E ratio of 129.32.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.23 per share. This is an increase from Franco Nevada Corp’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.90%. The ex-dividend date is Wednesday, September 13th.
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Several research analysts recently weighed in on FNV shares. Scotiabank lifted their price target on Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, May 11th. CIBC reduced their price target on Franco Nevada Corp from C$105.00 to C$95.00 in a research report on Thursday, May 11th. Clarkson Capital reiterated a “neutral” rating on shares of Franco Nevada Corp in a research report on Wednesday, May 10th. Finally, Canaccord Genuity lifted their price target on Franco Nevada Corp from C$111.00 to C$114.00 in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$96.83.
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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