Guardian Capital Advisors LP Sells 178 Shares of Franco-Nevada Co. (NYSE:FNV)

Guardian Capital Advisors LP decreased its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,760 shares of the basic materials company’s stock after selling 178 shares during the quarter. Guardian Capital Advisors LP’s holdings in Franco-Nevada were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in Franco-Nevada by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,008,095 shares of the basic materials company’s stock worth $1,219,807,000 after buying an additional 566,539 shares during the last quarter. FIL Ltd lifted its position in Franco-Nevada by 7.8% in the 4th quarter. FIL Ltd now owns 9,079,951 shares of the basic materials company’s stock worth $1,005,852,000 after buying an additional 659,324 shares during the last quarter. Van ECK Associates Corp lifted its position in Franco-Nevada by 9.9% in the 4th quarter. Van ECK Associates Corp now owns 8,778,127 shares of the basic materials company’s stock worth $972,707,000 after buying an additional 789,070 shares during the last quarter. Vanguard Group Inc. lifted its position in Franco-Nevada by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,374,086 shares of the basic materials company’s stock worth $878,696,000 after buying an additional 129,876 shares during the last quarter. Finally, Capital World Investors lifted its position in Franco-Nevada by 2.7% in the first quarter. Capital World Investors now owns 4,597,472 shares of the basic materials company’s stock valued at $547,807,000 after purchasing an additional 120,367 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

FNV stock traded up $0.43 on Friday, reaching $124.64. The company’s stock had a trading volume of 434,973 shares, compared to its average volume of 457,601. The firm has a market cap of $23.98 billion, a PE ratio of -50.06, a PEG ratio of 20.66 and a beta of 0.74. The business has a fifty day simple moving average of $122.17 and a two-hundred day simple moving average of $117.33. Franco-Nevada Co. has a 12-month low of $102.29 and a 12-month high of $147.35.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. The business had revenue of $256.80 million during the quarter, compared to analyst estimates of $250.50 million. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. As a group, research analysts anticipate that Franco-Nevada Co. will post 3.27 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.16%. The ex-dividend date was Thursday, June 13th. Franco-Nevada’s dividend payout ratio is currently -57.83%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FNV. Jefferies Financial Group boosted their price objective on Franco-Nevada from $129.00 to $133.00 and gave the company a “hold” rating in a research report on Friday, July 12th. HC Wainwright boosted their price objective on Franco-Nevada from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Raymond James boosted their price objective on Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Bank of America boosted their price objective on Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, Scotiabank boosted their price objective on Franco-Nevada from $140.00 to $141.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $152.33.

Franco-Nevada 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.