EagleClaw Capital Managment LLC Sells 335 Shares of Franco-Nevada Co. (NYSE:FNV)

EagleClaw Capital Managment LLC cut its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 0.7% in the third quarter, Holdings Channel.com reports. The firm owned 45,906 shares of the basic materials company’s stock after selling 335 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Franco-Nevada were worth $5,704,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Beddow Capital Management Inc. boosted its position in shares of Franco-Nevada by 1.4% during the third quarter. Beddow Capital Management Inc. now owns 57,882 shares of the basic materials company’s stock worth $7,192,000 after buying an additional 790 shares during the period. Drive Wealth Management LLC boosted its position in Franco-Nevada by 11.9% during the 3rd quarter. Drive Wealth Management LLC now owns 3,355 shares of the basic materials company’s stock worth $417,000 after acquiring an additional 356 shares during the last quarter. Swiss National Bank boosted its position in Franco-Nevada by 0.8% during the 3rd quarter. Swiss National Bank now owns 581,560 shares of the basic materials company’s stock worth $72,347,000 after acquiring an additional 4,900 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Franco-Nevada by 6.5% during the 3rd quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company’s stock worth $2,535,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Franco-Nevada by 22.7% in the third quarter. Metis Global Partners LLC now owns 15,153 shares of the basic materials company’s stock valued at $1,882,000 after purchasing an additional 2,807 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FNV. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday. Jefferies Financial Group dropped their price objective on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, UBS Group assumed coverage on shares of Franco-Nevada in a research report on Monday. They set a “buy” rating and a $160.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Franco-Nevada Trading Down 0.7 %

Shares of NYSE:FNV traded down $0.83 on Wednesday, hitting $120.43. The company had a trading volume of 12,862 shares, compared to its average volume of 661,206. The stock has a 50 day moving average price of $126.17 and a 200 day moving average price of $123.93. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of -38.38, a P/E/G ratio of 19.22 and a beta of 0.75. Franco-Nevada Co. has a 1-year low of $102.29 and a 1-year high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The company had revenue of $275.70 million during the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. Sell-side analysts anticipate that Franco-Nevada Co. will post 3.22 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) is currently -45.57%.

About Franco-Nevada

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.