Paul Brink Sells 2,315 Shares of Franco-Nevada Co. (TSE:FNV) Stock

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) Director Paul Brink sold 2,315 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$157.33, for a total value of C$364,221.50.

Paul Brink also recently made the following trade(s):

• On Thursday, March 21st, Paul Brink sold 3,445 shares of Franco-Nevada stock. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85.

Franco-Nevada Stock Up 3.0 %

TSE:FNV opened at C$159.13 on Thursday. The firm has a market capitalization of C$30.58 billion, a price-to-earnings ratio of -48.08, a price-to-earnings-growth ratio of 5.00 and a beta of 0.59. Franco-Nevada Co. has a twelve month low of C$139.19 and a twelve month high of C$217.70. The stock’s 50 day moving average price is C$148.37 and its two-hundred day moving average price is C$160.20. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. Equities research analysts expect that Franco-Nevada Co. will post 4.038591 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be issued a dividend of $0.477 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 dividend on an annualized basis and a dividend yield of 1.20%. Franco-Nevada’s payout ratio is presently -58.91%.

Analyst Ratings Changes

FNV has been the topic of several analyst reports. National Bankshares cut their target price on Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Canaccord Genuity Group dropped their price target on Franco-Nevada from C$170.00 to C$165.00 in a research report on Wednesday, December 6th. Raymond James cut their price objective on Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus cut their price objective on Franco-Nevada from C$186.00 to C$182.00 in a report on Friday, January 26th. Finally, BMO Capital Markets cut their price objective on Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$189.46.

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.