Franco-Nevada Corporation (NYSE:FNV) Shares Sold by Carrhae Capital LLP

Carrhae Capital LLP lowered its holdings in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 34.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,994 shares of the basic materials company's stock after selling 71,424 shares during the period. Franco-Nevada accounts for 1.6% of Carrhae Capital LLP's investment portfolio, making the stock its 15th largest holding. Carrhae Capital LLP owned 0.07% of Franco-Nevada worth $21,270,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. CX Institutional purchased a new stake in shares of Franco-Nevada during the first quarter valued at approximately $30,000. Cullen Frost Bankers Inc. acquired a new stake in Franco-Nevada during the 1st quarter worth about $32,000. Nexus Investment Management ULC purchased a new position in Franco-Nevada during the 1st quarter valued at about $35,000. Hexagon Capital Partners LLC grew its stake in shares of Franco-Nevada by 494.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock valued at $36,000 after buying an additional 188 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Franco-Nevada by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock worth $36,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FNV. Scotiabank increased their target price on Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Raymond James Financial set a $186.00 price target on Franco-Nevada and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada lifted their target price on Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. CIBC reissued an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. Finally, UBS Group boosted their price target on Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Franco-Nevada Stock Down 0.1%

Shares of NYSE:FNV traded down $0.18 during trading on Friday, hitting $154.40. The stock had a trading volume of 450,316 shares, compared to its average volume of 752,978. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $179.99. The company has a market capitalization of $29.75 billion, a PE ratio of 48.25, a PEG ratio of 2.08 and a beta of 0.41. The firm's fifty day moving average is $164.67 and its 200 day moving average is $153.63.

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 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The company had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. Franco-Nevada's revenue was up 43.5% compared to the same quarter last year. Equities research analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's payout ratio is currently 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.