Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Senior Officer Philip Dane Wilson sold 15,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$125.61, for a total transaction of C$1,884,195.00. Following the transaction, the insider now directly owns 11,139 shares in the company, valued at approximately C$1,399,203.21.
Philip Dane Wilson also recently made the following trade(s):
- On Monday, June 17th, Philip Dane Wilson sold 8,000 shares of Franco Nevada stock. The stock was sold at an average price of C$106.00, for a total transaction of C$848,000.00.
Shares of Franco Nevada stock traded down C$1.34 during trading hours on Tuesday, hitting C$123.32. The company’s stock had a trading volume of 962,281 shares, compared to its average volume of 515,879. Franco Nevada Corp has a 1-year low of C$76.53 and a 1-year high of C$127.92. The firm has a fifty day moving average price of C$115.43. The firm has a market cap of $23.22 billion and a P/E ratio of 153.38. The company has a quick ratio of 2.49, a current ratio of 2.67 and a debt-to-equity ratio of 9.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.32 annualized dividend and a dividend yield of 1.88%. This is a positive change from Franco Nevada’s previous quarterly dividend of $0.32. Franco Nevada’s dividend payout ratio is presently 120.65%.
A number of research firms have weighed in on FNV. Canaccord Genuity increased their price target on shares of Franco Nevada from C$125.00 to C$127.00 in a research note on Friday, July 19th. JPMorgan Chase & Co. increased their price target on shares of Franco Nevada from C$97.50 to C$110.00 in a research note on Monday, July 8th. National Bank Financial increased their price target on shares of Franco Nevada from C$127.50 to C$130.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Franco Nevada in a research note on Thursday, August 8th. Finally, CIBC increased their price objective on shares of Franco Nevada from C$120.00 to C$125.00 in a research report on Monday, July 15th. Five investment analysts have rated the stock with a hold rating, Franco Nevada currently has an average rating of “Hold” and a consensus price target of C$122.33.
Franco Nevada Company Profile
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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