Franco-Nevada Co. (NYSE:FNV) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC lessened its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,768 shares of the basic materials company’s stock after selling 5,086 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Franco-Nevada were worth $5,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in Franco-Nevada by 2.3% during the fourth quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company’s stock worth $1,004,046,000 after purchasing an additional 193,968 shares during the period. Capital World Investors increased its holdings in shares of Franco-Nevada by 9.8% during the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company’s stock worth $934,106,000 after buying an additional 711,591 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Franco-Nevada by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 7,799,415 shares of the basic materials company’s stock valued at $916,540,000 after buying an additional 132,465 shares during the period. Bank of Montreal Can lifted its holdings in Franco-Nevada by 0.3% in the fourth quarter. Bank of Montreal Can now owns 5,300,880 shares of the basic materials company’s stock valued at $622,124,000 after acquiring an additional 15,273 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Franco-Nevada by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,286,661 shares of the basic materials company’s stock worth $504,069,000 after acquiring an additional 400,384 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Trading Down 0.8 %

Franco-Nevada stock opened at $170.05 on Friday. The firm has a market capitalization of $32.74 billion, a P/E ratio of -53.81, a P/E/G ratio of 9.78 and a beta of 0.68. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $178.74. The stock’s fifty day simple moving average is $153.47 and its 200-day simple moving average is $136.06.

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, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. Sell-side analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.89%. Franco-Nevada’s dividend payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

FNV has been the topic of a number of research analyst reports. UBS Group lifted their target price on Franco-Nevada from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Scotiabank upped their target price on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, April 14th. TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, March 11th. StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Finally, Raymond James increased their price objective on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and a consensus target price of $162.25.

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.