Creekmur Asset Management LLC Purchases New Position in Franco-Nevada Co. (NYSE:FNV)

Creekmur Asset Management LLC purchased a new stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,355 shares of the basic materials company’s stock, valued at approximately $2,366,000. Franco-Nevada comprises 0.7% of Creekmur Asset Management LLC’s holdings, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of FNV. VisionPoint Advisory Group LLC acquired a new position in shares of Franco-Nevada during the 3rd quarter worth approximately $30,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Franco-Nevada during the 4th quarter worth approximately $34,000. Allworth Financial LP grew its position in shares of Franco-Nevada by 5,750.0% during the 4th quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 345 shares in the last quarter. Blue Trust Inc. grew its position in shares of Franco-Nevada by 277.6% during the 4th quarter. Blue Trust Inc. now owns 589 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 433 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Franco-Nevada by 35.2% during the 4th quarter. Larson Financial Group LLC now owns 642 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FNV. 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. Jefferies Financial Group upped their price target on shares of Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. TheStreet downgraded shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Bank of America dropped their price target on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Finally, Scotiabank raised their price target on shares of Franco-Nevada from $140.00 to $141.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $148.70.

Franco-Nevada Stock Down 0.5 %

NYSE:FNV traded down $0.56 during trading hours on Friday, reaching $116.18. The company had a trading volume of 925,841 shares, compared to its average volume of 557,162. The firm has a market cap of $22.34 billion, a price-to-earnings ratio of -46.66, a P/E/G ratio of 26.19 and a beta of 0.77. The business’s 50-day simple moving average is $122.31 and its two-hundred day simple moving average is $114.78. Franco-Nevada Co. has a twelve month low of $102.29 and a twelve month high of $149.06.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The business had revenue of $256.80 million during the quarter, compared to analysts’ expectations of $250.50 million. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share. As a group, equities analysts predict that Franco-Nevada Co. will post 3.19 earnings per share 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 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, June 13th. Franco-Nevada’s dividend payout ratio is currently -57.83%.

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.