Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Director David Harquail sold 45,914 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$123.86, for a total value of C$5,686,908.04. Following the transaction, the director now owns 1,007,057 shares of the company’s stock, valued at approximately C$124,734,080.02.
David Harquail also recently made the following trade(s):
- On Friday, May 31st, David Harquail sold 10,000 shares of Franco Nevada stock. The shares were sold at an average price of C$104.70, for a total value of C$1,047,000.00.
Shares of TSE:FNV traded up C$0.60 during trading on Thursday, reaching C$123.79. The company’s stock had a trading volume of 482,056 shares, compared to its average volume of 516,510. The company has a quick ratio of 2.49, a current ratio of 2.67 and a debt-to-equity ratio of 9.06. Franco Nevada Corp has a 12 month low of C$76.53 and a 12 month high of C$127.92. The company’s 50 day moving average price is C$115.90. The stock has a market cap of $23.22 billion and a PE ratio of 153.97.
A number of research analysts have recently weighed in on the company. CIBC raised their price objective on Franco Nevada from C$120.00 to C$125.00 in a research report on Monday, July 15th. Canaccord Genuity raised their price objective on Franco Nevada from C$125.00 to C$127.00 in a research report on Friday, July 19th. Eight Capital lowered Franco Nevada from a “buy” rating to a “neutral” rating and raised their price objective for the company from C$110.00 to C$125.00 in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Franco Nevada from C$110.00 to C$117.00 in a report on Wednesday. Finally, National Bank Financial increased their price target on shares of Franco Nevada from C$127.50 to C$130.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of C$123.50.
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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