Franco-Nevada Co. (NYSE:FNV) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,947,728 shares of the basic materials company's stock after selling 136,089 shares during the period. The Manufacturers Life Insurance Company owned 1.01% of Franco-Nevada worth $229,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FNV. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Franco-Nevada in the fourth quarter worth about $1,777,000. Capital Analysts LLC boosted its holdings in Franco-Nevada by 45.6% in the 4th quarter. Capital Analysts LLC now owns 990 shares of the basic materials company's stock worth $116,000 after acquiring an additional 310 shares during the period. Price T Rowe Associates Inc. MD grew its position in Franco-Nevada by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,286,661 shares of the basic materials company's stock valued at $504,069,000 after acquiring an additional 400,384 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Franco-Nevada by 538.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after purchasing an additional 512 shares during the period. Finally, Natixis lifted its position in shares of Franco-Nevada by 117.2% during the fourth quarter. Natixis now owns 1,942 shares of the basic materials company's stock worth $228,000 after purchasing an additional 1,048 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FNV. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a report on Tuesday, March 11th. BMO Capital Markets initiated coverage on Franco-Nevada in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. HC Wainwright boosted their price target on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, March 26th. UBS Group raised their price objective on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada upped their target price on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Franco-Nevada presently has an average rating of "Moderate Buy" and a consensus target price of $162.25.

Franco-Nevada Price Performance

FNV traded down $1.11 during trading hours on Friday, hitting $164.58. 731,105 shares of the stock were exchanged, compared to its average volume of 709,556. Franco-Nevada Co. has a 12 month low of $112.70 and a 12 month high of $178.74. The stock has a 50-day simple moving average of $156.32 and a 200-day simple moving average of $137.51. The stock has a market cap of $31.69 billion, a price-to-earnings ratio of -52.08, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. The business had revenue of $321.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. Sell-side analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current 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.