Barclays PLC Has $2.77 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Barclays PLC decreased its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 34.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,580 shares of the basic materials company's stock after selling 12,248 shares during the period. Barclays PLC's holdings in Franco-Nevada were worth $2,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in Franco-Nevada during the fourth quarter worth approximately $47,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Franco-Nevada in the fourth quarter valued at $49,000. Harbour Investments Inc. lifted its holdings in shares of 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 buying an additional 93 shares during the period. SBI Securities Co. Ltd. bought a new position in Franco-Nevada during the fourth quarter valued at about $73,000. Finally, Jones Financial Companies Lllp raised its position in Franco-Nevada by 25.6% in the fourth quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock worth $73,000 after acquiring an additional 126 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FNV has been the topic of several recent research reports. Scotiabank lifted their price objective on shares of Franco-Nevada from $150.00 to $165.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. StockNews.com upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Royal Bank of Canada lifted their price target on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. HC Wainwright raised their target price on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Finally, TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a report on Tuesday, March 11th. Six research 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, Franco-Nevada presently has an average rating of "Moderate Buy" and a consensus price target of $162.25.

Franco-Nevada Price Performance

NYSE:FNV traded down $1.11 during mid-day trading on Friday, reaching $164.58. The stock had a trading volume of 731,105 shares, compared to its average volume of 709,556. The stock has a market cap of $31.69 billion, a P/E ratio of -52.08, a PEG ratio of 9.78 and a beta of 0.68. The business's 50 day moving average is $156.32 and its 200 day moving average is $137.51. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $178.74.

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

About Franco-Nevada

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.