Insider Selling: Franco-Nevada Co. (TSE:FNV) Director Sells 20,000 Shares of Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the sale, the director now owns 301 shares of the company’s stock, valued at approximately C$51,705.21.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$166.53 on Friday. The business has a 50 day moving average price of C$165.41 and a 200 day moving average price of C$155.41. Franco-Nevada Co. has a twelve month low of C$139.19 and a twelve month high of C$204.15. The company has a market cap of C$32.03 billion, a price-to-earnings ratio of -48.84, a PEG ratio of 5.00 and a beta of 0.62. The company has a quick ratio of 23.26, a current ratio of 29.40 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.94 by C$0.08. The firm had revenue of C$346.20 million during the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. Research analysts predict that Franco-Nevada Co. will post 4.4911334 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a $0.487 dividend. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.95 annualized dividend and a yield of 1.17%. Franco-Nevada’s dividend payout ratio is -58.06%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. National Bankshares upped their price target on Franco-Nevada from C$190.00 to C$195.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. BMO Capital Markets decreased their price target on Franco-Nevada from C$205.00 to C$201.00 and set an “outperform” rating for the company in a research note on Tuesday. Eight Capital upped their price target on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Raymond James upped their price target on Franco-Nevada from C$150.00 to C$151.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Scotiabank decreased their price target on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Three equities research 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, Franco-Nevada presently has a consensus rating of “Moderate Buy” and a consensus target price of C$191.17.

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.