Private Advisor Group LLC Sells 421 Shares of Franco-Nevada Co. (NYSE:FNV)

Private Advisor Group LLC lessened its position in Franco-Nevada Co. (NYSE:FNVFree Report) (TSE:FNV) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,446 shares of the basic materials company’s stock after selling 421 shares during the period. Private Advisor Group LLC’s holdings in Franco-Nevada were worth $2,376,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FNV. Van ECK Associates Corp boosted its stake in shares of Franco-Nevada by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 8,778,127 shares of the basic materials company’s stock valued at $972,707,000 after purchasing an additional 789,070 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of Franco-Nevada by 119.3% during the 3rd quarter. Quadrature Capital Ltd now owns 581,900 shares of the basic materials company’s stock valued at $78,184,000 after purchasing an additional 316,600 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its stake in shares of Franco-Nevada by 270.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 405,712 shares of the basic materials company’s stock valued at $54,414,000 after purchasing an additional 296,169 shares in the last quarter. FMR LLC boosted its stake in shares of Franco-Nevada by 1.3% during the 3rd quarter. FMR LLC now owns 16,565,648 shares of the basic materials company’s stock valued at $2,211,558,000 after purchasing an additional 208,392 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Franco-Nevada by 8.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,681,215 shares of the basic materials company’s stock valued at $357,915,000 after purchasing an additional 206,125 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Up 0.3 %

Shares of FNV stock opened at $127.80 on Friday. The company has a 50 day moving average price of $118.84 and a 200-day moving average price of $114.67. Franco-Nevada Co. has a 52 week low of $102.29 and a 52 week high of $158.79. The firm has a market capitalization of $24.58 billion, a PE ratio of -51.33, a P/E/G ratio of 6.08 and a beta of 0.71.

Franco-Nevada (NYSE:FNVGet Free Report) (TSE:FNV) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. The firm had revenue of $256.80 million during the quarter, compared to analyst estimates of $250.50 million. During the same period in the previous year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts anticipate that Franco-Nevada Co. will post 3.17 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, June 13th. Franco-Nevada’s dividend payout ratio is presently -57.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FNV shares. Scotiabank lifted their price target on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a research report on Thursday, April 18th. Raymond James lifted their price target on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Bank of America lowered their price target on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Monday, March 18th. HC Wainwright lifted their price target on shares of Franco-Nevada from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Jefferies Financial Group lifted their price target on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of “Hold” and an average target price of $148.60.

Read Our Latest Analysis on FNV

Franco-Nevada Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Franco-Nevada (NYSE:FNV)

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