Franco Nevada (TSE:FNV) Given New C$110.00 Price Target at JPMorgan Chase & Co.
FNV has been the subject of a number of other reports. Royal Bank of Canada decreased their target price on Analog Devices from $140.00 to $120.00 and set an outperform rating for the company in a research note on Wednesday, May 22nd. National Bank Financial cut Detour Gold to a hold rating in a research note on Friday, June 28th. Finally, Canaccord Genuity cut ProMetic Life Sciences to a hold rating in a research note on Tuesday, April 23rd.
TSE:FNV opened at C$111.45 on Monday. Franco Nevada has a 1 year low of C$76.53 and a 1 year high of C$114.36. The company has a current ratio of 4.14, a quick ratio of 3.38 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $20.90 billion and a PE ratio of 148.80. The firm has a 50-day simple moving average of C$106.31.
In other Franco Nevada news, Senior Officer Eaun Harrison Gray sold 5,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$112.00, for a total value of C$560,000.00. Following the completion of the transaction, the insider now directly owns 203 shares of the company’s stock, valued at C$22,736. Also, Senior Officer Sandip Rana sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$111.27, for a total value of C$1,112,660.00. Following the completion of the transaction, the insider now directly owns 34,750 shares of the company’s stock, valued at C$3,866,493.50. Over the last three months, 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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