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

FNY Investment Advisers LLC trimmed its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 86.4% during the 1st quarter, according to its most recent 13F 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 period. FNY Investment Advisers LLC's holdings in Franco-Nevada were worth $315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FNV. Allspring Global Investments Holdings LLC raised its holdings in Franco-Nevada by 9,594.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 96,948 shares of the basic materials company's stock valued at $11,400,000 after acquiring an additional 95,948 shares in the last quarter. Principal Securities Inc. boosted its stake in Franco-Nevada by 290.5% during the fourth quarter. Principal Securities Inc. now owns 863 shares of the basic materials company's stock worth $101,000 after buying an additional 642 shares in the last quarter. Allworth Financial LP increased its holdings in Franco-Nevada by 643.3% in the 4th quarter. Allworth Financial LP now owns 3,895 shares of the basic materials company's stock valued at $506,000 after buying an additional 3,371 shares during the period. Meixler Investment Management Ltd. raised its stake in shares of Franco-Nevada by 12.1% in the 4th quarter. Meixler Investment Management Ltd. now owns 24,760 shares of the basic materials company's stock valued at $2,912,000 after buying an additional 2,674 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Franco-Nevada by 11.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,136,533 shares of the basic materials company's stock worth $133,548,000 after acquiring an additional 116,144 shares during the period. Institutional investors own 77.06% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FNV shares. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. UBS Group increased their target price on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Raymond James set a $186.00 price target on Franco-Nevada and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Scotiabank lifted their price objective on Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $169.63.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $171.74 on Monday. The firm has a 50 day simple moving average of $166.56 and a 200 day simple moving average of $146.11. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $179.99. The firm has a market cap of $33.09 billion, a P/E ratio of -54.35, a P/E/G ratio of 9.78 and a beta of 0.42.

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 EPS 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 firm had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same period last year, the company earned $0.76 earnings per share. The company's revenue was up 43.5% on a year-over-year basis. On average, sell-side analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's payout ratio is 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.

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