Unigestion Holding SA reduced its holdings in shares of Franco-Nevada Co. (NYSE:FNV – Get Rating) (TSE:FNV) by 42.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,125 shares of the basic materials company’s stock after selling 5,887 shares during the quarter. Unigestion Holding SA’s holdings in Franco-Nevada were worth $1,125,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. CWM LLC purchased a new stake in shares of Franco-Nevada during the 4th quarter valued at approximately $25,000. FinTrust Capital Advisors LLC lifted its stake in Franco-Nevada by 107.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 327 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 169 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Franco-Nevada in the 4th quarter worth approximately $42,000. Huntington National Bank lifted its stake in Franco-Nevada by 96.9% in the 4th quarter. Huntington National Bank now owns 384 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 189 shares in the last quarter. Finally, UMB Bank N A MO purchased a new stake in Franco-Nevada in the 4th quarter worth approximately $68,000. Institutional investors own 75.52% of the company’s stock.
Several research firms have issued reports on FNV. Barclays increased their target price on shares of Franco-Nevada from $113.00 to $130.00 in a research note on Thursday, April 21st. HC Wainwright raised their price objective on shares of Franco-Nevada from $167.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, March 11th. Canaccord Genuity Group cut shares of Franco-Nevada from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. Raymond James set a $190.00 price objective on shares of Franco-Nevada and gave the company an “outperform” rating in a research report on Friday, May 6th. Finally, KeyCorp increased their target price on shares of Franco-Nevada from $150.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $190.70.
Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV) last announced its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). The firm had revenue of $338.80 million during the quarter, compared to the consensus estimate of $335.27 million. Franco-Nevada had a return on equity of 11.55% and a net margin of 55.96%. Franco-Nevada’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. Research analysts predict that Franco-Nevada Co. will post 3.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, June 15th. Franco-Nevada’s dividend payout ratio (DPR) is presently 32.82%.
About Franco-Nevada (Get Rating)
Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.
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