Blue Trust Inc. Has $81,000 Stake in Franco-Nevada Co. (NYSE:FNV)

Blue Trust Inc. lowered its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 66.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 655 shares of the basic materials company’s stock after selling 1,292 shares during the quarter. Blue Trust Inc.’s holdings in Franco-Nevada were worth $81,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FNV. PFG Investments LLC lifted its stake in Franco-Nevada by 10.9% in the 4th quarter. PFG Investments LLC now owns 6,754 shares of the basic materials company’s stock valued at $794,000 after acquiring an additional 665 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Franco-Nevada by 4.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,715 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 122 shares during the last quarter. Euro Pacific Asset Management LLC lifted its position in shares of Franco-Nevada by 2.1% in the fourth quarter. Euro Pacific Asset Management LLC now owns 227,912 shares of the basic materials company’s stock worth $27,046,000 after purchasing an additional 4,733 shares in the last quarter. Sustainable Insight Capital Management LLC boosted its holdings in Franco-Nevada by 2.7% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 100 shares during the last quarter. Finally, Fiduciary Family Office LLC bought a new position in Franco-Nevada in the fourth quarter valued at $218,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

FNV has been the topic of several analyst reports. Jefferies Financial Group cut their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Scotiabank decreased their price target on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, November 8th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, UBS Group initiated coverage on Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.33.

Franco-Nevada Trading Down 0.3 %

FNV opened at $141.31 on Friday. The stock’s fifty day simple moving average is $125.16 and its 200 day simple moving average is $124.72. Franco-Nevada Co. has a 1-year low of $103.64 and a 1-year high of $142.76. The stock has a market cap of $27.21 billion, a PE ratio of -44.72, a price-to-earnings-growth ratio of 6.12 and a beta of 0.74.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The company had revenue of $275.70 million during the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. Franco-Nevada’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. Equities analysts forecast that Franco-Nevada Co. will post 3.19 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Thursday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is currently -45.57%.

About Franco-Nevada

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.