Centerstone Investors LLC Decreases Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Centerstone Investors LLC cut its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 69.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,373 shares of the basic materials company's stock after selling 35,153 shares during the quarter. Franco-Nevada makes up approximately 2.7% of Centerstone Investors LLC's portfolio, making the stock its 15th largest holding. Centerstone Investors LLC's holdings in Franco-Nevada were worth $1,808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNV. Physician Wealth Advisors Inc. purchased a new stake in shares of Franco-Nevada during the 4th quarter valued at approximately $49,000. Harbour Investments Inc. boosted its holdings 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 worth $53,000 after acquiring an additional 93 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Franco-Nevada by 538.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after purchasing an additional 512 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Franco-Nevada in the fourth quarter valued at $73,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Franco-Nevada by 25.6% during the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock valued at $73,000 after purchasing an additional 126 shares during the period. Institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a report on Tuesday, March 11th. BMO Capital Markets started coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. Scotiabank increased their target price on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.75.

Franco-Nevada Stock Up 2.4%

NYSE:FNV traded up $3.97 during midday trading on Monday, hitting $168.00. The company had a trading volume of 483,799 shares, compared to its average volume of 726,544. The company has a market capitalization of $32.35 billion, a PE ratio of -53.17, a P/E/G ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $178.74. The stock's fifty day moving average price is $161.70 and its 200-day moving average price is $140.83.

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

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

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.