FNY Investment Advisers LLC Sells 12,710 Shares of Franco-Nevada Corporation (NYSE:FNV)

FNY Investment Advisers LLC trimmed its position in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 86.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the basic materials company's stock after selling 12,710 shares during the quarter. FNY Investment Advisers LLC's holdings in Franco-Nevada were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Franco-Nevada in the 4th quarter worth about $237,643,000. EdgePoint Investment Group Inc. boosted its holdings in shares of Franco-Nevada by 49.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock worth $582,100,000 after buying an additional 1,650,358 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Franco-Nevada by 246.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock worth $136,796,000 after buying an additional 828,166 shares during the last quarter. Capital World Investors raised its stake in Franco-Nevada by 9.8% in the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after acquiring an additional 711,591 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in Franco-Nevada by 11,659.0% in the 4th quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock valued at $56,762,000 after acquiring an additional 478,602 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Price Performance

Shares of NYSE:FNV traded down $0.74 during mid-day trading on Thursday, reaching $168.21. 610,924 shares of the company traded hands, compared to its average volume of 742,563. The company's 50 day moving average price is $167.87 and its 200-day moving average price is $146.76. The firm has a market cap of $32.41 billion, a PE ratio of 52.57, a PEG ratio of 2.38 and a beta of 0.42. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The business had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same period last year, the firm posted $0.76 EPS. The company's revenue was up 43.5% on a year-over-year basis. On average, research analysts predict that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FNV. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. TD Securities cut 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. Scotiabank boosted their price objective on Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, Raymond James Financial set a $186.00 price target on Franco-Nevada and gave the company an "outperform" rating in a research report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Franco-Nevada presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.63.

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.