Caisse DE Depot ET Placement DU Quebec Sells 112,229 Shares of Franco-Nevada Co. (NYSE:FNV)

Caisse DE Depot ET Placement DU Quebec reduced its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 53.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,082 shares of the basic materials company's stock after selling 112,229 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Franco-Nevada were worth $11,285,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in Franco-Nevada during the fourth quarter worth about $543,000. Regal Partners Ltd acquired a new stake in shares of Franco-Nevada during the 4th quarter worth approximately $2,352,000. Lido Advisors LLC bought a new stake in shares of Franco-Nevada during the fourth quarter valued at approximately $284,000. Northern Trust Corp raised its stake in shares of Franco-Nevada by 68.1% in the fourth quarter. Northern Trust Corp now owns 153,095 shares of the basic materials company's stock valued at $18,002,000 after purchasing an additional 61,998 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Franco-Nevada in the fourth quarter valued at $1,777,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Stock Up 1.8 %

FNV stock traded up $3.05 during trading on Friday, hitting $168.30. The company had a trading volume of 580,239 shares, compared to its average volume of 711,701. The firm has a 50-day moving average price of $158.50 and a 200-day moving average price of $138.60. Franco-Nevada Co. has a 12 month low of $112.70 and a 12 month high of $178.74. The stock has a market cap of $32.41 billion, a price-to-earnings ratio of -53.26, a PEG ratio of 9.78 and a beta of 0.45.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FNV shares. Scotiabank increased their price objective on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. BMO Capital Markets assumed coverage on Franco-Nevada in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Royal Bank of Canada raised their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. Finally, UBS Group upped their price target on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.25.

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.