Franco-Nevada Co. (NYSE:FNV) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 28.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 384,902 shares of the basic materials company's stock after selling 152,670 shares during the period. Toronto Dominion Bank owned approximately 0.20% of Franco-Nevada worth $45,176,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Essex Financial Services Inc. boosted its position in shares of 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 valued at $458,000 after buying an additional 84 shares during the period. Harbour Investments Inc. boosted its holdings in Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 93 shares during the period. Mutual Advisors LLC grew its position in Franco-Nevada by 4.0% in the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock valued at $309,000 after acquiring an additional 96 shares during the last quarter. Sustainable Insight Capital Management LLC increased its stake in Franco-Nevada by 2.7% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock worth $441,000 after purchasing an additional 100 shares during the period. Finally, Blossom Wealth Management boosted its stake in shares of Franco-Nevada by 3.9% during the fourth quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock valued at $335,000 after purchasing an additional 108 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Trading Up 0.7%

Shares of FNV traded up $1.18 during trading hours on Wednesday, hitting $165.74. The company had a trading volume of 642,125 shares, compared to its average volume of 725,742. The company has a market capitalization of $31.91 billion, a PE ratio of -52.45, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $178.74. The company's fifty day moving average price is $160.98 and its two-hundred day moving average price is $140.03.

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 earnings per share for the quarter, beating 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 analysts' expectations of $328.79 million. During the same period last year, the business earned $0.76 EPS. The company's revenue was up 43.5% compared to the same quarter last year. Analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, June 12th. Franco-Nevada's payout ratio is presently 47.50%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FNV shares. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Raymond James raised their target price on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. HC Wainwright boosted their price target on Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, March 26th. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a report on Tuesday, March 11th. Finally, BMO Capital Markets began coverage on Franco-Nevada in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $162.75.

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.