Franco-Nevada Corporation (NYSE:FNV) Shares Sold by Vista Investment Partners II LLC

Vista Investment Partners II LLC reduced its stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 53.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,298 shares of the basic materials company's stock after selling 3,846 shares during the quarter. Vista Investment Partners II LLC's holdings in Franco-Nevada were worth $520,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FNV. IFP Advisors Inc grew its position in Franco-Nevada by 29.2% in the 4th quarter. IFP Advisors Inc now owns 5,783 shares of the basic materials company's stock valued at $681,000 after buying an additional 1,307 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Franco-Nevada by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 171,005 shares of the basic materials company's stock worth $20,109,000 after acquiring an additional 6,355 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Franco-Nevada by 3.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 33,522 shares of the basic materials company's stock valued at $3,937,000 after acquiring an additional 1,200 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Franco-Nevada by 11,659.0% during the fourth quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock worth $56,762,000 after acquiring an additional 478,602 shares during the period. Finally, US Bancorp DE raised its holdings in Franco-Nevada by 2.1% during the fourth quarter. US Bancorp DE now owns 22,391 shares of the basic materials company's stock worth $2,633,000 after purchasing an additional 467 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FNV. Royal Bank Of Canada increased their target price on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. HC Wainwright restated a "buy" rating and set a $195.00 target price (up from $180.00) on shares of Franco-Nevada in a research report on Wednesday, May 28th. UBS Group increased their price target on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. Finally, National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $169.63.

Franco-Nevada Stock Performance

FNV stock traded down $0.56 during trading on Tuesday, hitting $163.36. The stock had a trading volume of 492,824 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 company's 50 day moving average price is $167.26 and its two-hundred day moving average price is $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 data 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. The business had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The company's revenue was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. As a group, sell-side analysts forecast 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. Investors of record on Thursday, June 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is 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.