Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Director Pierre Lassonde sold 20,000 shares of Franco Nevada Corp stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of C$97.11, for a total transaction of C$1,942,200.00.
Shares of Franco Nevada Corp (FNV) traded down 0.44% during mid-day trading on Friday, hitting $95.11. 1,268,053 shares of the stock were exchanged. Franco Nevada Corp has a 12-month low of $71.44 and a 12-month high of $105.69. The stock’s 50 day moving average price is $96.64 and its 200-day moving average price is $87.62. The stock has a market capitalization of $17.19 billion and a P/E ratio of 124.98.
A number of research analysts have weighed in on FNV shares. CIBC cut their price target on shares of Franco Nevada Corp from C$105.00 to C$95.00 in a research note on Thursday, May 11th. TD Securities raised shares of Franco Nevada Corp from a “hold” rating to a “buy” rating and lifted their price target for the company from C$71.00 to C$83.00 in a research note on Monday, March 27th. Clarkson Capital reaffirmed a “neutral” rating on shares of Franco Nevada Corp in a research note on Wednesday, May 10th. Finally, Scotiabank lifted their price target on shares of Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Franco Nevada Corp has an average rating of “Buy” and an average price target of C$94.57.
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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