Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Lloyd Hyunsoo Hong sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of C$96.81, for a total value of C$387,240.00.

Franco-Nevada Co. (FNV) traded down C$0.97 on Wednesday, reaching C$97.18. The company had a trading volume of 767,920 shares, compared to its average volume of 469,875. Franco-Nevada Co. has a 12-month low of C$71.44 and a 12-month high of C$110.18.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a $0.296 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.23. This represents a $1.18 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, December 6th. Franco-Nevada’s payout ratio is 87.38%.

A number of brokerages have commented on FNV. Eight Capital restated a “neutral” rating on shares of Franco-Nevada in a research report on Thursday, November 16th. TD Securities lifted their price target on Franco-Nevada to C$123.50 and gave the company a “buy” rating in a report on Tuesday, November 7th. Scotiabank lifted their price target on Franco-Nevada to C$108.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. National Bank Financial lifted their price target on Franco-Nevada from C$100.00 to C$107.50 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. Finally, CIBC lifted their price target on Franco-Nevada from C$110.00 to C$120.00 in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Franco-Nevada presently has a consensus rating of “Hold” and an average target price of C$109.06.

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Franco-Nevada Company Profile

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.

Insider Buying and Selling by Quarter for Franco-Nevada (TSE:FNV)

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