Franco-Nevada Co. (TSE:FNV) Director Sells C$3,435,562.00 in Stock

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

Franco-Nevada Trading Down 2.8 %

TSE FNV opened at C$170.41 on Thursday. The company has a fifty day moving average of C$165.17 and a 200 day moving average of C$155.33. The company has a market capitalization of C$32.77 billion, a PE ratio of -49.97, a P/E/G ratio of 5.00 and a beta of 0.62. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.40 and a quick ratio of 23.26. Franco-Nevada Co. has a 1 year low of C$139.19 and a 1 year high of C$205.49.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.94 by C$0.08. The business 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 forecast that Franco-Nevada Co. will post 4.4911334 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.487 per share. 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 dividend on an annualized basis and a dividend yield of 1.14%. Franco-Nevada’s dividend payout ratio (DPR) is presently -58.06%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Bank of America raised their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Canaccord Genuity Group increased their price target on Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday, April 23rd. National Bankshares upped their price objective on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Scotiabank lowered their target price on shares of 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. Finally, BMO Capital Markets decreased their price target on shares of Franco-Nevada from C$205.00 to C$201.00 and set an “outperform” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$191.17.

About Franco-Nevada

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.