Franco-Nevada Corporation (NYSE:FNV) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. trimmed its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,773 shares of the basic materials company's stock after selling 3,464 shares during the quarter. Franco-Nevada accounts for approximately 1.8% of U S Global Investors Inc.'s investment portfolio, making the stock its 17th biggest holding. U S Global Investors Inc.'s holdings in Franco-Nevada were worth $13,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Franco-Nevada in the 4th quarter worth about $237,643,000. EdgePoint Investment Group Inc. boosted its stake in shares of Franco-Nevada by 49.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock worth $582,100,000 after acquiring an additional 1,650,358 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Franco-Nevada by 246.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock worth $136,796,000 after acquiring an additional 828,166 shares during the last quarter. Capital World Investors increased its position in shares of Franco-Nevada by 9.8% during the fourth quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock worth $934,106,000 after purchasing an additional 711,591 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Franco-Nevada by 11,659.0% in the 4th quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock valued at $56,762,000 after purchasing an additional 478,602 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Trading Down 0.3%

FNV stock traded down $0.56 on Tuesday, hitting $163.36. The company's stock had a trading volume of 492,823 shares, compared to its average volume of 743,616. The stock has a market cap of $31.47 billion, a price-to-earnings ratio of 51.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.42. The firm has a 50 day moving average of $167.26 and a two-hundred day moving average of $149.51. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $179.99.

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

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, June 12th. Franco-Nevada's payout ratio is 47.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FNV shares. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Scotiabank upped their price objective on Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research note on Tuesday, March 11th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Finally, Raymond James Financial set a $186.00 price objective on Franco-Nevada and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.