Franco-Nevada Co. (NYSE:FNV) Position Cut by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its holdings in Franco-Nevada Co. (NYSE:FNVFree Report) (TSE:FNV) by 30.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,713 shares of the basic materials company’s stock after selling 5,082 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Franco-Nevada were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in Franco-Nevada in the 3rd quarter worth approximately $30,000. Creative Financial Designs Inc. ADV bought a new position in Franco-Nevada in the 4th quarter worth approximately $34,000. Allworth Financial LP grew its holdings in Franco-Nevada by 5,750.0% in the 4th 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. grew its holdings in Franco-Nevada by 277.6% in the 4th quarter. Blue Trust Inc. now owns 589 shares of the basic materials company’s stock worth $65,000 after buying an additional 433 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Franco-Nevada by 35.2% in the 4th quarter. Larson Financial Group LLC now owns 642 shares of the basic materials company’s stock worth $71,000 after buying an additional 167 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Scotiabank increased their price objective on Franco-Nevada from $140.00 to $141.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Jefferies Financial Group upped their target price on Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. HC Wainwright upped their target price on Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. TheStreet downgraded Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. Finally, Raymond James upped their target price on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Franco-Nevada currently has a consensus rating of “Hold” and a consensus price target of $148.70.

View Our Latest Report on FNV

Franco-Nevada Stock Performance

Shares of NYSE:FNV opened at $124.28 on Friday. Franco-Nevada Co. has a one year low of $102.29 and a one year high of $149.06. The stock has a fifty day moving average of $122.47 and a 200-day moving average of $114.72. The company has a market capitalization of $23.90 billion, a PE ratio of -48.60, a price-to-earnings-growth ratio of 26.90 and a beta of 0.77.

Franco-Nevada (NYSE:FNVGet Free Report) (TSE:FNV) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $250.50 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, research analysts forecast that Franco-Nevada Co. will post 3.18 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. Franco-Nevada’s dividend payout ratio (DPR) is presently -57.43%.

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.

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

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