Aubrey Capital Management Ltd Sells 3,364 Shares of Franco-Nevada Co. (NYSE:FNV)

Aubrey Capital Management Ltd reduced its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 36.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNV. Essex Financial Services Inc. boosted its stake in shares of Franco-Nevada by 2.2% during the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock worth $458,000 after acquiring an additional 84 shares in the last quarter. Beacon Financial Group boosted its stake in shares of Franco-Nevada by 4.0% during the 4th quarter. Beacon Financial Group now owns 5,150 shares of the basic materials company's stock worth $606,000 after acquiring an additional 200 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Franco-Nevada by 9,594.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 96,948 shares of the basic materials company's stock worth $11,400,000 after acquiring an additional 95,948 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Franco-Nevada by 2.3% during the 4th quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company's stock worth $1,004,046,000 after acquiring an additional 193,968 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Franco-Nevada by 290.5% during the 4th quarter. Principal Securities Inc. now owns 863 shares of the basic materials company's stock worth $101,000 after acquiring an additional 642 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Price Performance

FNV traded up $0.02 during trading on Monday, reaching $171.78. 1,290,454 shares of the stock traded hands, compared to its average volume of 741,747. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of -54.36, a price-to-earnings-growth ratio of 9.78 and a beta of 0.42. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $179.99. The stock's 50-day simple moving average is $167.13 and its two-hundred day simple moving average is $146.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share 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 company had revenue of $368.40 million for 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 business's revenue was up 43.5% compared to the same quarter last year. Research analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

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 issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 0.88%. Franco-Nevada's dividend payout ratio (DPR) is currently 47.50%.

Wall Street Analyst Weigh In

FNV has been the subject of a number of research analyst reports. 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. Raymond James set a $186.00 target price on Franco-Nevada and gave the company an "outperform" rating in a report on Wednesday, May 28th. UBS Group increased their target price on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Finally, Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a 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. According to MarketBeat.com, Franco-Nevada presently has a consensus rating of "Moderate Buy" and an average 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.