U S Global Investors Inc. Sells 3,464 Shares of Franco-Nevada Corporation (NYSE:FNV)

U S Global Investors Inc. lowered its stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,773 shares of the basic materials company's stock after selling 3,464 shares during the quarter. Franco-Nevada makes up approximately 1.8% of U S Global Investors Inc.'s investment portfolio, making the stock its 17th largest position. U S Global Investors Inc.'s holdings in Franco-Nevada were worth $13,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CX Institutional bought a new position in Franco-Nevada in the 1st quarter valued at approximately $30,000. Nexus Investment Management ULC bought a new position in Franco-Nevada in the 1st quarter valued at approximately $35,000. Golden State Wealth Management LLC raised 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 valued at $36,000 after buying an additional 115 shares during the last quarter. Versant Capital Management Inc bought a new position in Franco-Nevada in the 1st quarter valued at approximately $55,000. Finally, Physician Wealth Advisors Inc. bought a new position in Franco-Nevada in the 4th quarter valued at approximately $49,000. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Down 2.1%

Shares of FNV stock opened at $161.27 on Friday. The company has a market cap of $31.07 billion, a price-to-earnings ratio of 50.40, a price-to-earnings-growth ratio of 2.29 and a beta of 0.42. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $179.99. The firm has a 50 day moving average of $167.44 and a 200-day moving average of $148.83.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced 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. The company had revenue of $368.40 million during the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The company's quarterly revenue was up 43.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. Analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is 47.50%.

Analyst Ratings Changes

Several research analysts have issued reports on FNV shares. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a report on Tuesday, March 11th. Raymond James Financial set a $186.00 price target on shares of Franco-Nevada and gave the stock an "outperform" rating in a report on Wednesday, May 28th. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Scotiabank raised their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Royal Bank Of Canada raised their price target on shares of Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $169.63.

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.

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