Signaturefd LLC Sells 1,227 Shares of Franco-Nevada Co. (NYSE:FNV)

Signaturefd LLC cut its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 28.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,022 shares of the basic materials company’s stock after selling 1,227 shares during the quarter. Signaturefd LLC’s holdings in Franco-Nevada were worth $335,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrature Capital Ltd raised its holdings in shares of Franco-Nevada by 119.3% in the third quarter. Quadrature Capital Ltd now owns 581,900 shares of the basic materials company’s stock valued at $78,184,000 after buying an additional 316,600 shares during the last quarter. Montrusco Bolton Investments Inc. raised its holdings in shares of Franco-Nevada by 270.4% in the third quarter. Montrusco Bolton Investments Inc. now owns 405,712 shares of the basic materials company’s stock valued at $54,414,000 after buying an additional 296,169 shares during the last quarter. FMR LLC raised its holdings in shares of Franco-Nevada by 1.3% in the third quarter. FMR LLC now owns 16,565,648 shares of the basic materials company’s stock valued at $2,211,558,000 after buying an additional 208,392 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Franco-Nevada by 8.3% in the third quarter. Victory Capital Management Inc. now owns 2,681,215 shares of the basic materials company’s stock valued at $357,915,000 after buying an additional 206,125 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Franco-Nevada by 75.5% in the third quarter. Gabelli Funds LLC now owns 472,460 shares of the basic materials company’s stock valued at $63,189,000 after buying an additional 203,300 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FNV shares. Jefferies Financial Group lifted their price target on Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a report on Monday. Bank of America cut their price target on Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a report on Monday, March 18th. TheStreet lowered Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. Raymond James lifted their price objective on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Scotiabank lifted their price objective on Franco-Nevada from $139.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of “Hold” and a consensus price target of $148.60.

Franco-Nevada Trading Up 2.2 %

Franco-Nevada stock opened at $121.61 on Friday. The firm has a market capitalization of $23.39 billion, a P/E ratio of -50.05, a PEG ratio of 6.22 and a beta of 0.71. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $161.25. The business has a 50-day moving average of $114.80 and a 200-day moving average of $115.83.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.10. The company had revenue of $303.30 million during the quarter. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. Research analysts anticipate that Franco-Nevada Co. will post 2.9 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.36 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, March 13th. Franco-Nevada’s payout ratio is presently -55.97%.

Franco-Nevada Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.