Guggenheim Capital LLC Has $4.36 Million Holdings in Franco-Nevada Co. (NYSE:FNV)

Guggenheim Capital LLC cut its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 18.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,052 shares of the basic materials company's stock after selling 8,363 shares during the quarter. Guggenheim Capital LLC's holdings in Franco-Nevada were worth $4,357,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FNV. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada in the 4th quarter valued at approximately $47,000. Physician Wealth Advisors Inc. bought a new stake in shares of Franco-Nevada during the fourth quarter valued at approximately $49,000. Harbour Investments Inc. boosted its stake in Franco-Nevada by 25.8% in the 4th 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Franco-Nevada in the 4th quarter valued at $73,000. Finally, Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 126 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FNV has been the subject of a number of research analyst reports. Raymond James lifted their price target on Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a report on Friday, April 4th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 2nd. Scotiabank raised their price objective on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Finally, Royal Bank of Canada lifted their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $162.25.

Franco-Nevada Stock Performance

Shares of FNV stock traded up $0.70 during midday trading on Thursday, hitting $170.83. 304,422 shares of the company were exchanged, compared to its average volume of 703,000. The firm's 50 day moving average price is $152.22 and its two-hundred day moving average price is $135.26. The firm has a market capitalization of $32.89 billion, a P/E ratio of -54.01, a PEG ratio of 9.78 and a beta of 0.68. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 0.89%. Franco-Nevada's dividend payout ratio (DPR) is currently 53.15%.

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.