Franco-Nevada Co. (NYSE:FNV) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,676 shares of the basic materials company’s stock after selling 3,619 shares during the period. Moors & Cabot Inc.’s holdings in Franco-Nevada were worth $5,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mechanics Financial Corp raised its stake in Franco-Nevada by 150.0% during the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Franco-Nevada during the second quarter valued at $33,000. Kings Path Partners LLC bought a new stake in shares of Franco-Nevada during the second quarter valued at about $36,000. Fortis Group Advisors LLC lifted its holdings in Franco-Nevada by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 176 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Franco-Nevada by 37.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 440 shares of the basic materials company’s stock valued at $52,000 after buying an additional 119 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FNV has been the subject of a number of research analyst reports. StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. HC Wainwright restated a “buy” rating and issued a $185.00 target price on shares of Franco-Nevada in a research report on Friday, August 16th. TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Bank of America upped their price objective on Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Jefferies Financial Group raised their target price on Franco-Nevada from $129.00 to $133.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.75.

Franco-Nevada Stock Down 0.1 %

Shares of NYSE FNV opened at $124.97 on Tuesday. Franco-Nevada Co. has a 12 month low of $102.29 and a 12 month high of $145.74. The company has a market cap of $24.05 billion, a price-to-earnings ratio of -50.19, a P/E/G ratio of 20.59 and a beta of 0.76. The business has a fifty day simple moving average of $123.49 and a 200-day simple moving average of $120.99.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Tuesday, August 13th. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The firm had revenue of $260.10 million for the quarter, compared to analysts’ expectations of $277.44 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. Franco-Nevada’s quarterly revenue was down 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 earnings per share. As a group, sell-side analysts expect that Franco-Nevada Co. will post 3.2 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, September 12th. Franco-Nevada’s dividend payout ratio is -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.