Integrated Advisors Network LLC Sells 1,750 Shares of Franco-Nevada Co. (NYSE:FNV)

Integrated Advisors Network LLC lowered its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 43.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,235 shares of the basic materials company's stock after selling 1,750 shares during the quarter. Integrated Advisors Network LLC's holdings in Franco-Nevada were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Physician Wealth Advisors Inc. purchased a new position in Franco-Nevada during the 4th quarter valued at about $49,000. Harbour Investments Inc. increased its stake in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Franco-Nevada by 538.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after purchasing an additional 512 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Franco-Nevada in the 4th quarter worth approximately $73,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock worth $73,000 after buying an additional 126 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Up 0.4%

FNV traded up $0.73 during mid-day trading on Friday, reaching $169.02. 734,663 shares of the company traded hands, compared to its average volume of 727,219. The stock has a market capitalization of $32.55 billion, a P/E ratio of -53.49, a P/E/G ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $178.74. The company's fifty day moving average price is $163.00 and its 200-day moving average price is $142.24.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. The business had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business's revenue for the quarter was up 43.5% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. As a group, sell-side analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm 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 is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 0.90%. Franco-Nevada's dividend payout ratio is currently 47.50%.

Analyst Ratings Changes

FNV has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. UBS Group raised their price target on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. HC Wainwright reiterated a "buy" rating and issued a $195.00 price target (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Finally, TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $165.25.

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.