Franco-Nevada Co. (FNV) Insider Lloyd Hyunsoo Hong Sells 4,000 Shares of Stock
Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) insider Lloyd Hyunsoo Hong sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of C$96.81, for a total value of C$387,240.00.
Franco-Nevada Co. (TSE:FNV) traded down C$0.20 during midday trading on Friday, hitting C$97.91. The stock had a trading volume of 1,508,561 shares, compared to its average volume of 475,188. Franco-Nevada Co. has a 52 week low of C$73.26 and a 52 week high of C$110.18.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be given a dividend of $0.296 per share. The ex-dividend date is Wednesday, December 6th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.23. Franco-Nevada’s dividend payout ratio (DPR) is currently 87.38%.
A number of brokerages have issued reports on FNV. Eight Capital restated a “neutral” rating on shares of Franco-Nevada in a report on Thursday, November 16th. TD Securities raised their target price on Franco-Nevada to C$123.50 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Scotiabank raised their target price on Franco-Nevada to C$108.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. National Bank Financial raised their target price on Franco-Nevada from C$100.00 to C$107.50 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Finally, CIBC raised their target price on Franco-Nevada from C$110.00 to C$120.00 in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$109.06.
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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