PKO Investment Management Joint Stock Co Sells 8,500 Shares of Franco-Nevada Co. (NYSE:FNV)

PKO Investment Management Joint Stock Co lowered its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 14.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,164 shares of the basic materials company's stock after selling 8,500 shares during the quarter. Franco-Nevada comprises 0.9% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 22nd largest position. PKO Investment Management Joint Stock Co's holdings in Franco-Nevada were worth $8,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in Franco-Nevada by 9,594.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 96,948 shares of the basic materials company's stock valued at $11,400,000 after buying an additional 95,948 shares during the period. Principal Securities Inc. increased its stake in shares of Franco-Nevada by 290.5% in 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. Allworth Financial LP lifted its position in Franco-Nevada by 643.3% during the 4th quarter. Allworth Financial LP now owns 3,895 shares of the basic materials company's stock valued at $506,000 after acquiring an additional 3,371 shares during the period. CIBC Asset Management Inc boosted its stake in Franco-Nevada by 11.4% during the fourth 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 in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in Franco-Nevada by 64.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 13,282 shares of the basic materials company's stock worth $1,562,000 after acquiring an additional 5,219 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Price Performance

Shares of NYSE:FNV opened at $171.78 on Tuesday. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $179.99. The company has a market cap of $33.09 billion, a P/E ratio of -54.36, a PEG ratio of 9.78 and a beta of 0.42. The stock's fifty day moving average price is $167.13 and its 200-day moving average price is $146.45.

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

Franco-Nevada Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.88%. Franco-Nevada's dividend payout ratio (DPR) is 47.50%.

Wall Street Analysts Forecast Growth

FNV has been the subject of a number of analyst reports. Raymond James set a $186.00 target price on shares of 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 research note on Monday, May 12th. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. HC Wainwright reissued a "buy" rating and issued a $195.00 target price (up from $180.00) on shares of Franco-Nevada in a research note 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

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