Cwm LLC Sells 128 Shares of Franco-Nevada Co. (NYSE:FNV)

Cwm LLC trimmed its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 658 shares of the basic materials company’s stock after selling 128 shares during the period. Cwm LLC’s holdings in Franco-Nevada were worth $73,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNV. VisionPoint Advisory Group LLC acquired a new position in Franco-Nevada during the 3rd quarter valued at $30,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Franco-Nevada in the fourth quarter valued at about $34,000. Allworth Financial LP grew its position in Franco-Nevada by 5,750.0% during the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after buying an additional 345 shares in the last quarter. Blue Trust Inc. increased its stake in Franco-Nevada by 277.6% during the fourth quarter. Blue Trust Inc. now owns 589 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 433 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Franco-Nevada in the 3rd quarter valued at approximately $71,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

NYSE FNV opened at $126.36 on Thursday. The stock’s 50 day simple moving average is $117.97 and its 200 day simple moving average is $114.82. Franco-Nevada Co. has a one year low of $102.29 and a one year high of $160.86. The firm has a market cap of $24.30 billion, a PE ratio of -50.75, a price-to-earnings-growth ratio of 6.29 and a beta of 0.72.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.68 by $0.08. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The company had revenue of $256.80 million for the quarter, compared to analysts’ expectations of $250.50 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, equities analysts expect that Franco-Nevada Co. will post 2.97 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, June 13th. Franco-Nevada’s dividend payout ratio is presently -57.83%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FNV shares. HC Wainwright lifted their price objective on Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Monday. Raymond James increased their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Bank of America decreased their target price on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. TheStreet lowered shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. Finally, Scotiabank lifted their price objective on Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $148.60.

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.