Armor Advisors L.L.C. Sells 18,639 Shares of Franco-Nevada Co. (NYSE:FNV)

Armor Advisors L.L.C. lowered its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 16.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 97,242 shares of the basic materials company's stock after selling 18,639 shares during the quarter. Franco-Nevada accounts for about 11.9% of Armor Advisors L.L.C.'s portfolio, making the stock its 3rd biggest holding. Armor Advisors L.L.C. owned 0.05% of Franco-Nevada worth $11,435,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Franco-Nevada by 29.4% in the third quarter. Barclays PLC now owns 35,828 shares of the basic materials company's stock valued at $4,450,000 after buying an additional 8,147 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Franco-Nevada in the 3rd quarter worth approximately $326,000. Franklin Resources Inc. boosted its holdings in shares of Franco-Nevada by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 79,232 shares of the basic materials company's stock worth $9,957,000 after purchasing an additional 6,052 shares during the last quarter. Confluence Investment Management LLC grew its position in shares of Franco-Nevada by 8.7% in the fourth quarter. Confluence Investment Management LLC now owns 5,790 shares of the basic materials company's stock valued at $681,000 after purchasing an additional 465 shares in the last quarter. Finally, Birch Capital Management LLC increased its holdings in shares of Franco-Nevada by 37.9% in the fourth quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company's stock valued at $128,000 after purchasing an additional 298 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Royal Bank of Canada raised their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Raymond James upped their price objective on Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a report on Friday, April 4th. HC Wainwright lifted their target price on Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. Finally, Scotiabank boosted their price target on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $162.25.

Franco-Nevada Price Performance

Shares of FNV stock traded down $1.33 during trading hours on Wednesday, reaching $170.49. 768,903 shares of the stock were exchanged, compared to its average volume of 710,130. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $178.74. The business's fifty day moving average is $157.47 and its two-hundred day moving average is $138.15. The firm has a market capitalization of $32.83 billion, a P/E ratio of -53.95, a P/E/G ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. As a group, equities research analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

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.