Franco-Nevada Co. (NYSE:FNV) Stock Position Trimmed by PDT Partners LLC

PDT Partners LLC lessened its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 29.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,422 shares of the basic materials company's stock after selling 3,112 shares during the quarter. PDT Partners LLC's holdings in Franco-Nevada were worth $873,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Franco-Nevada during the fourth quarter valued at approximately $47,000. Physician Wealth Advisors Inc. bought a new position in Franco-Nevada in the 4th quarter valued at $49,000. Harbour Investments Inc. lifted its position in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after purchasing an additional 93 shares during the last quarter. Tower Research Capital LLC TRC boosted 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, SBI Securities Co. Ltd. bought a new position in shares of Franco-Nevada in the fourth quarter worth about $73,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Stock Down 0.7 %

Shares of NYSE FNV traded down $1.11 during midday trading on Friday, hitting $164.58. The stock had a trading volume of 731,105 shares, compared to its average volume of 709,659. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $178.74. The company has a market capitalization of $31.69 billion, a price-to-earnings ratio of -52.08, a PEG ratio of 9.78 and a beta of 0.68. The company has a fifty day moving average price of $156.32 and a 200 day moving average price of $137.60.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $321.00 million for 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 quarter last year, the firm posted $0.90 EPS. On average, research analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on FNV. StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. UBS Group upped their target price on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 11th. TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a research note on Tuesday, March 11th. Finally, Raymond James boosted their target price on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $162.25.

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.