Franco-Nevada (NYSE:FNV) Shares Down 3.5% - Time to Sell?

Shares of Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV traded down 3.5% during mid-day trading on Friday . The stock traded as low as $167.72 and last traded at $166.49. 288,722 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 730,721 shares. The stock had previously closed at $172.49.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. HC Wainwright reiterated a "buy" rating and issued a $195.00 target price (up previously from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Raymond James set a $186.00 target price on shares of Franco-Nevada and gave the stock an "outperform" rating in a report on Wednesday, May 28th. Royal Bank of Canada boosted their price objective on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research report on Tuesday, March 11th. Finally, UBS Group boosted their price objective on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Six investment 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $169.63.

Franco-Nevada Trading Down 0.1%

The firm's fifty day moving average price is $165.02 and its 200-day moving average price is $144.85. The company has a market cap of $32.16 billion, a P/E ratio of -52.85, a P/E/G ratio of 9.78 and a beta of 0.42.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its earnings results 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 for the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm's revenue for the quarter was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, research analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.91%. Franco-Nevada's payout ratio is presently 47.50%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FNV. CX Institutional bought a new stake in Franco-Nevada during the first quarter worth about $30,000. Cullen Frost Bankers Inc. bought a new stake in Franco-Nevada during the first quarter worth about $32,000. Nexus Investment Management ULC bought a new stake in Franco-Nevada during the first quarter worth about $35,000. Golden State Wealth Management LLC grew its stake in Franco-Nevada by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock worth $36,000 after buying an additional 115 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in Franco-Nevada by 494.7% during the first quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock worth $36,000 after buying an additional 188 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

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.