Massmutual Trust Co. FSB ADV Has $76,000 Stake in Franco-Nevada Co. (NYSE:FNV)

Massmutual Trust Co. FSB ADV raised its holdings in Franco-Nevada Co. (NYSE:FNVGet Rating) (TSE:FNV) by 1,812.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 478 shares of the basic materials company’s stock after acquiring an additional 453 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Franco-Nevada were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. CWM LLC acquired a new position in Franco-Nevada in the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Franco-Nevada during the fourth quarter worth about $42,000. FinTrust Capital Advisors LLC boosted its position in shares of Franco-Nevada by 107.0% during the third quarter. FinTrust Capital Advisors LLC now owns 327 shares of the basic materials company’s stock worth $42,000 after buying an additional 169 shares during the period. Huntington National Bank boosted its position in shares of Franco-Nevada by 96.9% during the fourth quarter. Huntington National Bank now owns 384 shares of the basic materials company’s stock worth $53,000 after buying an additional 189 shares during the period. Finally, UMB Bank N A MO acquired a new position in shares of Franco-Nevada during the fourth quarter worth about $68,000. 75.52% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. National Bank Financial upped their price objective on Franco-Nevada from C$210.00 to C$225.00 in a research report on Wednesday, April 20th. Stifel Nicolaus upped their price objective on Franco-Nevada from C$200.00 to C$205.00 in a research report on Friday, March 11th. HC Wainwright upped their target price on Franco-Nevada from $167.00 to $179.00 and gave the stock a “buy” rating in a report on Friday, March 11th. Canaccord Genuity Group lowered Franco-Nevada from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Finally, KeyCorp upped their target price on Franco-Nevada from $150.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Franco-Nevada presently has an average rating of “Hold” and an average target price of $189.25.

NYSE:FNV opened at $135.77 on Friday. The stock’s 50 day moving average price is $145.75 and its two-hundred day moving average price is $144.68. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 9.45 and a beta of 0.65. Franco-Nevada Co. has a 12-month low of $124.95 and a 12-month high of $169.32.

Franco-Nevada (NYSE:FNVGet Rating) (TSE:FNV) last released its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.02). The business had revenue of $338.80 million during the quarter, compared to the consensus estimate of $335.27 million. Franco-Nevada had a net margin of 55.96% and a return on equity of 11.55%. Franco-Nevada’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. On average, equities research analysts forecast that Franco-Nevada Co. will post 3.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $1.28 annualized dividend and a yield of 0.94%. Franco-Nevada’s dividend payout ratio is 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.

Further Reading

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Institutional Ownership by Quarter for Franco-Nevada (NYSE:FNV)

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