U.S. Capital Wealth Advisors LLC Cuts Stake in Franco-Nevada Corporation (NYSE:FNV)

U.S. Capital Wealth Advisors LLC lessened its position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 15.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,985 shares of the basic materials company's stock after selling 4,358 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Franco-Nevada were worth $3,779,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNV. Confluence Investment Management LLC grew its stake in Franco-Nevada by 1.5% in the first quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company's stock valued at $926,000 after purchasing an additional 84 shares in the last quarter. Harbour Investments Inc. grew its stake in Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares in the last quarter. CoreCommodity Management LLC grew its stake in Franco-Nevada by 2.9% in the fourth 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 in the last quarter. Trust Co. of Vermont grew its stake in Franco-Nevada by 10.0% in the first quarter. Trust Co. of Vermont now owns 1,265 shares of the basic materials company's stock valued at $199,000 after purchasing an additional 115 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in Franco-Nevada by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James Financial set a $186.00 target price on Franco-Nevada and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. BMO Capital Markets reissued an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. UBS Group boosted their price target on Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Wall Street Zen raised Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $195.00 target price (up previously from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $172.13.

Franco-Nevada Trading Up 0.4%

Shares of FNV traded up $0.63 on Friday, reaching $159.58. 596,384 shares of the company's stock traded hands, compared to its average volume of 751,022. The stock has a market cap of $30.74 billion, a PE ratio of 49.87, a PEG ratio of 2.18 and a beta of 0.41. The stock's 50 day simple moving average is $165.94 and its two-hundred day simple moving average is $151.85. Franco-Nevada Corporation has a 52-week low of $112.70 and a 52-week 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 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The firm had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same period last year, the company earned $0.76 earnings per share. The business's revenue for the quarter was up 43.5% on a year-over-year basis. Analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, June 12th. Franco-Nevada's payout ratio is currently 47.50%.

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.