Franco Nevada Corp (FNV) Insider Sells C$618,495.15 in Stock

Franco Nevada Corp (TSE:FNV) (NYSE:FNV) insider Sandip Rana sold 6,473 shares of Franco Nevada stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of C$95.55, for a total transaction of C$618,495.15.

FNV opened at C$96.22 on Friday. Franco Nevada Corp has a 1 year low of C$76.53 and a 1 year high of C$101.48.

Franco Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Monday, November 5th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.34 by C$0.04. The firm had revenue of C$222.96 million for the quarter, compared to analysts’ expectations of C$212.19 million. Research analysts forecast that Franco Nevada Corp will post 1.28999995307629 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be issued a dividend of $0.316 per share. This represents a $1.26 dividend on an annualized basis and a yield of 1.31%. This is an increase from Franco Nevada’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, December 5th. Franco Nevada’s payout ratio is currently 112.18%.

Several research firms recently issued reports on FNV. Royal Bank of Canada lifted their price target on shares of Franco Nevada from C$115.00 to C$118.00 in a research report on Thursday. Canaccord Genuity reduced their price target on shares of Franco Nevada from C$120.00 to C$119.00 in a research report on Thursday, October 18th. Desjardins raised shares of Franco Nevada from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. JPMorgan Chase & Co. cut their price objective on shares of Franco Nevada from C$103.50 to C$97.50 in a report on Tuesday, October 9th. Finally, CSFB reaffirmed a “neutral” rating on shares of Franco Nevada in a report on Wednesday, September 26th.

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About Franco Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.

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