Franco-Nevada Co. (NYSE:FNV) Shares Sold by QV Investors Inc.

QV Investors Inc. decreased its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,669 shares of the basic materials company's stock after selling 4,262 shares during the period. Franco-Nevada accounts for approximately 3.9% of QV Investors Inc.'s holdings, making the stock its 8th largest position. QV Investors Inc. owned approximately 0.13% of Franco-Nevada worth $38,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Essex Financial Services Inc. raised its position in Franco-Nevada by 2.2% during the fourth 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. Confluence Investment Management LLC increased its stake in shares of Franco-Nevada by 1.5% during the 1st quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company's stock worth $926,000 after purchasing an additional 84 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after purchasing an additional 93 shares during the last quarter. CoreCommodity Management LLC raised its holdings in shares of Franco-Nevada by 2.9% in the 4th quarter. CoreCommodity Management LLC now owns 3,869 shares of the basic materials company's stock valued at $455,000 after purchasing an additional 108 shares during the period. Finally, Quadcap Wealth Management LLC lifted its stake in Franco-Nevada by 4.0% in the 4th quarter. Quadcap Wealth Management LLC now owns 3,184 shares of the basic materials company's stock valued at $374,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Stock Down 0.9%

Shares of FNV traded down $1.66 during midday trading on Tuesday, reaching $176.51. 599,254 shares of the stock were exchanged, compared to its average volume of 728,206. The stock's 50 day simple moving average is $163.50 and its 200 day simple moving average is $143.08. The company has a market cap of $33.99 billion, a P/E ratio of -55.86, a PEG ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $178.74.

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

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is currently 47.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. 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. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. HC Wainwright reaffirmed a "buy" rating and set a $195.00 price target (up previously from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.25.

About Franco-Nevada

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.