Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Director Pierre Lassonde sold 20,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$97.96, for a total transaction of C$1,959,200.00.
Franco Nevada Corp (TSE:FNV) traded up C$0.71 on Friday, reaching C$97.52. 429,400 shares of the company’s stock traded hands, compared to its average volume of 445,790. The stock has a market capitalization of $18,090.00, a P/E ratio of 97.52 and a beta of -0.52. Franco Nevada Corp has a fifty-two week low of C$81.01 and a fifty-two week high of C$110.18.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th were issued a dividend of $0.296 per share. This represents a $1.18 annualized dividend and a yield of 1.21%. This is an increase from Franco Nevada’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, December 6th. Franco Nevada’s dividend payout ratio (DPR) is presently 90.00%.
A number of research analysts have issued reports on FNV shares. Canaccord Genuity upped their price target on shares of Franco Nevada from C$119.00 to C$121.00 in a research note on Tuesday, November 7th. Desjardins reiterated a “sell” rating on shares of Franco Nevada in a research note on Monday, December 11th. Royal Bank of Canada increased their price objective on shares of Franco Nevada from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Eight Capital reiterated a “neutral” rating on shares of Franco Nevada in a research note on Thursday, November 16th. Finally, TD Securities increased their price objective on shares of Franco Nevada to C$123.50 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Franco Nevada has a consensus rating of “Hold” and a consensus target price of C$115.21.
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Franco Nevada Company Profile
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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