Franco-Nevada Co. (NYSE:FNV) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,015 shares of the basic materials company's stock after selling 3,714 shares during the quarter. BNP Paribas Financial Markets' holdings in Franco-Nevada were worth $3,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Essex Financial Services Inc. grew its position in shares of Franco-Nevada by 2.2% in the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock worth $458,000 after buying an additional 84 shares during the period. Harbour Investments Inc. boosted its holdings in Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after acquiring an additional 93 shares in the last quarter. Mutual Advisors LLC boosted its holdings in Franco-Nevada by 4.0% in the fourth quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock worth $309,000 after acquiring an additional 96 shares in the last quarter. Sustainable Insight Capital Management LLC boosted its holdings in Franco-Nevada by 2.7% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock worth $441,000 after acquiring an additional 100 shares in the last quarter. Finally, Blossom Wealth Management boosted its holdings in Franco-Nevada by 3.9% in the fourth quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock worth $335,000 after acquiring an additional 108 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Price Performance

Franco-Nevada stock traded up $0.30 during trading hours on Tuesday, hitting $162.24. 125,610 shares of the stock traded hands, compared to its average volume of 721,743. The firm's 50 day moving average price is $160.70 and its 200-day moving average price is $139.86. The stock has a market capitalization of $31.24 billion, a price-to-earnings ratio of -51.25, a P/E/G ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $178.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company had revenue of $368.40 million during the quarter, compared to analysts' expectations of $328.79 million. During the same quarter in the prior year, the firm posted $0.76 EPS. Franco-Nevada's quarterly revenue was up 43.5% compared to the same quarter last year. Research analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's payout ratio is currently 47.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Royal Bank of Canada boosted their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Scotiabank boosted their price target on Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. StockNews.com upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Finally, BMO Capital Markets started coverage on Franco-Nevada in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Franco-Nevada currently has an average rating of "Moderate Buy" and a consensus target price of $162.75.

Franco-Nevada Company 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.