Cwm LLC Sells 128 Shares of Franco-Nevada Co. (NYSE:FNV)

Cwm LLC reduced its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 16.3% during the fourth quarter, HoldingsChannel reports. The firm owned 658 shares of the basic materials company’s stock after selling 128 shares during the period. Cwm LLC’s holdings in Franco-Nevada were worth $73,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp boosted its holdings in Franco-Nevada by 15.6% in the fourth quarter. Mackenzie Financial Corp now owns 1,472,264 shares of the basic materials company’s stock worth $163,156,000 after acquiring an additional 198,144 shares in the last quarter. Vanguard Group Inc. lifted its stake in Franco-Nevada by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,104,384 shares of the basic materials company’s stock valued at $948,364,000 after acquiring an additional 112,274 shares in the last quarter. Beddow Capital Management Inc. grew its stake in shares of Franco-Nevada by 3.8% in the 4th quarter. Beddow Capital Management Inc. now owns 56,639 shares of the basic materials company’s stock worth $6,276,000 after acquiring an additional 2,059 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Franco-Nevada by 11.9% in the third quarter. Invesco Ltd. now owns 491,631 shares of the basic materials company’s stock valued at $65,628,000 after purchasing an additional 52,401 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Franco-Nevada by 22.6% in the 3rd quarter. Lazard Asset Management LLC now owns 103,383 shares of the basic materials company’s stock worth $13,800,000 after purchasing an additional 19,067 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FNV shares. Jefferies Financial Group boosted their target price on Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Scotiabank boosted their target price on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a research note on Thursday, April 18th. HC Wainwright lifted their price objective on Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Monday. TheStreet downgraded shares of Franco-Nevada from a “c+” rating to a “d+” rating in a report on Tuesday, March 5th. Finally, Raymond James increased their target price on shares of Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $148.60.

Franco-Nevada Trading Up 0.3 %

FNV stock opened at $126.36 on Thursday. The firm has a 50 day moving average of $117.97 and a 200-day moving average of $114.82. Franco-Nevada Co. has a 12 month low of $102.29 and a 12 month high of $160.86. The firm has a market capitalization of $24.30 billion, a P/E ratio of -50.75, a price-to-earnings-growth ratio of 6.29 and a beta of 0.72.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The company had revenue of $256.80 million for the quarter, compared to the consensus estimate of $250.50 million. During the same quarter last year, the business posted $0.79 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Sell-side analysts predict that Franco-Nevada Co. will post 2.97 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, June 13th. Franco-Nevada’s payout ratio is -57.83%.

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.