Aubrey Capital Management Ltd Trims Stock Position in Franco-Nevada Co. (NYSE:FNV)

Aubrey Capital Management Ltd reduced its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 36.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,889 shares of the basic materials company's stock after selling 3,364 shares during the quarter. Aubrey Capital Management Ltd's holdings in Franco-Nevada were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FNV. Essex Financial Services Inc. boosted its stake in shares of Franco-Nevada by 2.2% in the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock valued at $458,000 after buying an additional 84 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Franco-Nevada by 1.5% in the first quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company's stock valued at $926,000 after buying an additional 84 shares in the last quarter. Harbour Investments Inc. boosted its stake 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 buying an additional 93 shares in the last quarter. CoreCommodity Management LLC boosted its stake in shares of Franco-Nevada by 2.9% in the fourth quarter. CoreCommodity Management LLC now owns 3,869 shares of the basic materials company's stock valued at $455,000 after buying an additional 108 shares in the last quarter. Finally, Quadcap Wealth Management LLC boosted its stake in shares of Franco-Nevada by 4.0% in the fourth quarter. Quadcap Wealth Management LLC now owns 3,184 shares of the basic materials company's stock valued at $374,000 after buying an additional 121 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FNV. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research note on Tuesday, March 11th. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. Scotiabank boosted their target price on Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Finally, National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. Six investment 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 presently has an average rating of "Moderate Buy" and an average target price of $169.63.

Franco-Nevada Trading Up 2.4%

Shares of NYSE:FNV traded up $3.97 on Friday, hitting $171.74. The company had a trading volume of 1,090,157 shares, compared to its average volume of 739,544. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $179.99. The business has a 50 day moving average of $166.56 and a 200 day moving average of $145.95. The company has a market cap of $33.09 billion, a PE ratio of -54.35, a PEG ratio of 9.78 and a beta of 0.42.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data 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. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. During the same period in the prior year, the business earned $0.76 earnings per share. The business's revenue was up 43.5% on a year-over-year basis. As a group, equities analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 0.89%. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

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.