Beacon Pointe Advisors LLC Has $5.88 Million Holdings in Franco-Nevada Co. (NYSE:FNV)

Beacon Pointe Advisors LLC lowered its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,017 shares of the basic materials company's stock after selling 1,601 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Franco-Nevada were worth $5,881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covea Finance raised its position in shares of Franco-Nevada by 2.7% in the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock valued at $11,895,000 after purchasing an additional 2,700 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Franco-Nevada by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock valued at $49,702,000 after buying an additional 16,029 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Franco-Nevada by 5.0% in the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock valued at $113,200,000 after acquiring an additional 45,495 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Franco-Nevada by 113.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock worth $601,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Franco-Nevada during the fourth quarter worth approximately $12,280,000. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded down $1.11 during trading hours on Friday, hitting $164.58. 731,105 shares of the stock were exchanged, compared to its average volume of 709,556. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $178.74. The company has a market cap of $31.69 billion, a PE ratio of -52.08, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68. The company's fifty day simple moving average is $156.32 and its two-hundred day simple moving average is $137.51.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The company had revenue of $321.00 million during the quarter, compared to analysts' expectations of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. As a group, sell-side analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FNV shares. Raymond James increased their target price on Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank lifted their target price on Franco-Nevada from $150.00 to $165.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. HC Wainwright upped their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, March 26th. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research note on Tuesday, March 11th. Finally, BMO Capital Markets assumed coverage on shares of Franco-Nevada in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.25.

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.