JARISLOWSKY FRASER Ltd Decreases Stock Position in Franco-Nevada Co. (NYSE:FNV)

JARISLOWSKY FRASER Ltd lessened its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,219,986 shares of the basic materials company's stock after selling 152,215 shares during the period. Franco-Nevada accounts for approximately 2.2% of JARISLOWSKY FRASER Ltd's portfolio, making the stock its 17th largest holding. JARISLOWSKY FRASER Ltd owned approximately 1.67% of Franco-Nevada worth $376,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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. Franklin Resources Inc. raised its position in shares of Franco-Nevada by 8.3% in the third quarter. Franklin Resources Inc. now owns 79,232 shares of the basic materials company's stock valued at $9,957,000 after buying an additional 6,052 shares during the last quarter. Trust Co. of Toledo NA OH raised its position in shares of Franco-Nevada by 69.0% in the fourth quarter. Trust Co. of Toledo NA OH now owns 6,000 shares of the basic materials company's stock valued at $706,000 after buying an additional 2,450 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Franco-Nevada in the fourth quarter valued at approximately $684,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Franco-Nevada by 2.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 7,528 shares of the basic materials company's stock valued at $884,000 after buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FNV. BMO Capital Markets began coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Scotiabank boosted their price objective on shares of Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a research report on Monday. StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Royal Bank of Canada upped 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. Finally, HC Wainwright upped their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $162.75.

Franco-Nevada Trading Down 1.8%

FNV traded down $2.89 during trading on Wednesday, hitting $155.13. 157,869 shares of the company's stock were exchanged, compared to its average volume of 717,727. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $178.74. The stock has a 50 day moving average price of $159.57 and a 200 day moving average price of $139.16. The firm has a market cap of $29.87 billion, a P/E ratio of -49.03, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. The business had revenue of $368.40 million during the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business's quarterly revenue was up 43.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. Analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a $0.38 dividend. The ex-dividend date is Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

Franco-Nevada 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.