Pierre Lassonde Sells 20,000 Shares of Franco Nevada Corp (FNV) Stock
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) Director Pierre Lassonde sold 20,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$97.96, for a total value of C$1,959,200.00.
Shares of Franco Nevada Corp (FNV) opened at C$98.93 on Thursday. Franco Nevada Corp has a 52 week low of C$75.48 and a 52 week high of C$110.18.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a $0.296 dividend. The ex-dividend date is Wednesday, December 6th. This is a boost from Franco Nevada’s previous quarterly dividend of $0.23. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.20%. Franco Nevada’s dividend payout ratio is 87.38%.
Several analysts have weighed in on FNV shares. Bank of America boosted their price objective on Franco Nevada from C$107.00 to C$110.00 in a report on Friday, September 8th. CIBC upped their price target on Franco Nevada from C$110.00 to C$120.00 in a research note on Tuesday, November 7th. Canaccord Genuity upped their price target on Franco Nevada from C$119.00 to C$121.00 in a research note on Tuesday, November 7th. TD Securities upped their price target on Franco Nevada to C$123.50 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Franco Nevada in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$109.06.
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About Franco Nevada
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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