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

U.S. Capital Wealth Advisors LLC reduced its stake 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 period. U.S. Capital Wealth Advisors LLC's holdings in Franco-Nevada were worth $3,779,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Franco-Nevada by 1,583.3% in the 1st quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company's stock worth $2,067,000 after buying an additional 12,350 shares during the last quarter. St. James Investment Company LLC boosted its stake in shares of Franco-Nevada by 29.3% during the 1st quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company's stock worth $34,661,000 after purchasing an additional 49,907 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Franco-Nevada by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after purchasing an additional 16,029 shares during the period. Autumn Glory Partners LLC purchased a new position in shares of Franco-Nevada during the 1st quarter worth about $315,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Franco-Nevada by 5.0% during the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock worth $113,200,000 after purchasing an additional 45,495 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Trading Down 4.4%

Shares of FNV traded down $7.35 during mid-day trading on Tuesday, hitting $158.04. The company's stock had a trading volume of 923,766 shares, compared to its average volume of 866,863. The company's 50-day moving average is $166.64 and its 200-day moving average is $151.18. Franco-Nevada Corporation has a 52-week low of $112.70 and a 52-week high of $179.99. The firm has a market capitalization of $30.45 billion, a price-to-earnings ratio of 49.39, a PEG ratio of 2.26 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share 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 quarter in the prior year, the company earned $0.76 EPS. The company's revenue was up 43.5% compared to the same quarter last year. As a group, sell-side analysts predict that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a $0.38 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 0.96%. Franco-Nevada's payout ratio is presently 47.50%.

Analysts Set New Price Targets

A number of equities analysts recently commented on FNV shares. Scotiabank lifted their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a research note 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 research note on Wednesday, May 28th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. Finally, HC Wainwright reissued a "buy" rating and issued a $195.00 price objective (up from $180.00) on shares of Franco-Nevada in a research report on Wednesday, May 28th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Franco-Nevada has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

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.