Geneos Wealth Management Inc. Has $313,000 Stake in Franco-Nevada Co. (NYSE:FNV)

Geneos Wealth Management Inc. trimmed its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,829 shares of the basic materials company’s stock after selling 139 shares during the period. Geneos Wealth Management Inc.’s holdings in Franco-Nevada were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNV. VisionPoint Advisory Group LLC acquired a new stake in shares of Franco-Nevada in the third quarter valued at approximately $30,000. Castleview Partners LLC bought a new position in Franco-Nevada in the third quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV bought a new position in Franco-Nevada in the fourth quarter valued at approximately $34,000. State of Wyoming bought a new position in Franco-Nevada in the fourth quarter valued at approximately $38,000. Finally, Allworth Financial LP increased its stake in Franco-Nevada by 5,750.0% in the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 345 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FNV. TheStreet cut shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Bank of America decreased their price objective on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Scotiabank decreased their price objective on shares of Franco-Nevada from $141.00 to $139.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Raymond James lifted their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group assumed coverage on shares of Franco-Nevada in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $147.30.

Franco-Nevada Stock Performance

Shares of NYSE:FNV opened at $118.05 on Friday. The firm has a market cap of $22.69 billion, a PE ratio of -48.58, a price-to-earnings-growth ratio of 6.67 and a beta of 0.71. The firm’s fifty day moving average is $112.92 and its 200-day moving average is $116.51. Franco-Nevada Co. has a 52 week low of $102.29 and a 52 week high of $161.25.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. The company had revenue of $303.30 million for the quarter. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. Sell-side analysts forecast that Franco-Nevada Co. will post 2.75 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.36 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.22%. Franco-Nevada’s payout ratio is presently -55.97%.

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.