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

Caisse DE Depot ET Placement DU Quebec lessened its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 53.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new stake in shares of Franco-Nevada during the 4th quarter worth about $47,000. Physician Wealth Advisors Inc. bought a new stake in shares of Franco-Nevada during the fourth quarter worth approximately $49,000. Harbour Investments Inc. grew its position in shares of Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Franco-Nevada by 538.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock worth $71,000 after purchasing an additional 512 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Franco-Nevada during the 4th quarter worth approximately $73,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Raymond James increased their price objective on Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Royal Bank of Canada lifted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. HC Wainwright raised their target price on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. BMO Capital Markets began coverage on Franco-Nevada in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a research note on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Franco-Nevada has an average rating of "Moderate Buy" and a consensus target price of $162.25.

Franco-Nevada Trading Down 0.8 %

NYSE:FNV traded down $1.33 on Wednesday, hitting $170.49. The company had a trading volume of 833,580 shares, compared to its average volume of 710,379. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of -53.95, a PEG ratio of 9.78 and a beta of 0.45. The firm has a 50 day moving average of $157.47 and a two-hundred day moving average of $138.15.

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

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.