Franco Nevada (TSE:FNV) PT Raised to C$125.00
Franco Nevada (TSE:FNV) (NYSE:FNV) had its price objective lifted by CIBC from C$120.00 to C$125.00 in a research report report published on Monday morning, BayStreet.CA reports.
Other research analysts have also issued reports about the company. Canaccord Genuity lowered ProMetic Life Sciences to a hold rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. raised M.D.C. from an underweight rating to a neutral rating in a research report on Monday, July 8th. Royal Bank of Canada cut their target price on Analog Devices from $140.00 to $120.00 and set an outperform rating on the stock in a research report on Wednesday, May 22nd. Finally, National Bank Financial lowered Detour Gold to a hold rating in a research report on Friday, June 28th.
Shares of FNV opened at C$116.76 on Monday. The company has a quick ratio of 3.38, a current ratio of 4.14 and a debt-to-equity ratio of 3.38. The stock has a market cap of $20.90 billion and a price-to-earnings ratio of 155.89. The business has a fifty day moving average price of C$108.17. Franco Nevada has a twelve month low of C$76.53 and a twelve month high of C$117.49.
In related news, Director David Harquail sold 10,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$104.70, for a total value of C$1,047,000.00. Following the completion of the sale, the director now directly owns 75,864 shares in the company, valued at approximately C$7,942,960.80. Also, Senior Officer Philip Dane Wilson sold 8,000 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$106.00, for a total value of C$848,000.00. Following the completion of the sale, the insider now owns 11,139 shares of the company’s stock, valued at C$1,180,734. Over the last quarter, insiders sold 33,000 shares of company stock valued at $3,567,660.
About Franco Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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