Franco-Nevada Co. (NYSE:FNV) Shares Sold by Creekmur Asset Management LLC

Creekmur Asset Management LLC lowered its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 426 shares of the basic materials company’s stock after selling 74 shares during the quarter. Creekmur Asset Management LLC’s holdings in Franco-Nevada were worth $50,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. raised its position in shares of Franco-Nevada by 33.1% in the 3rd quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company’s stock worth $4,565,000 after buying an additional 9,119 shares during the period. Cerity Partners LLC raised its holdings in shares of Franco-Nevada by 28.4% in the 3rd quarter. Cerity Partners LLC now owns 3,581 shares of the basic materials company’s stock worth $445,000 after purchasing an additional 791 shares during the period. Verition Fund Management LLC acquired a new position in shares of Franco-Nevada in the 3rd quarter valued at about $2,995,000. Flow Traders U.S. LLC acquired a new position in shares of Franco-Nevada in the 3rd quarter valued at about $244,000. Finally, Erste Asset Management GmbH acquired a new stake in Franco-Nevada during the 3rd quarter worth approximately $55,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on FNV. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, March 11th. Royal Bank of Canada upped their target price on Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. Scotiabank raised their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Finally, HC Wainwright upped their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.50.

Franco-Nevada Trading Down 0.0 %

Shares of Franco-Nevada stock opened at $157.48 on Wednesday. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $159.38. The company’s 50-day moving average price is $143.77 and its two-hundred day moving average price is $131.06. The stock has a market cap of $30.32 billion, a PE ratio of -49.84, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. On average, equities analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is currently 53.15%.

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.