Franco-Nevada Co. (NYSE:FNV) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. trimmed its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 68.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 431 shares of the basic materials company’s stock after selling 919 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Franco-Nevada were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FNV. Van ECK Associates Corp increased its holdings in Franco-Nevada by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company’s stock valued at $1,004,046,000 after buying an additional 193,968 shares during the last quarter. Capital World Investors boosted its position 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 acquiring an additional 711,591 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Franco-Nevada by 1.7% in 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 acquiring an additional 132,465 shares during the last quarter. Bank of Montreal Can raised its position in shares of Franco-Nevada by 0.3% during the 4th quarter. Bank of Montreal Can now owns 5,300,880 shares of the basic materials company’s stock worth $622,124,000 after acquiring an additional 15,273 shares in the last quarter. Finally, EdgePoint Investment Group Inc. raised its position in shares of Franco-Nevada by 49.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company’s stock worth $582,100,000 after acquiring an additional 1,650,358 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 0.0%

Shares of FNV opened at $159.08 on Monday. The stock’s 50 day moving average is $160.40 and its two-hundred day moving average is $139.65. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $178.74. The firm has a market capitalization of $30.63 billion, a PE ratio of -50.34, a P/E/G ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. The firm had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company’s revenue for the quarter was up 43.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. On average, sell-side analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, June 12th. Franco-Nevada’s dividend payout ratio (DPR) is 47.50%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FNV shares. Raymond James raised their price objective on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. HC Wainwright boosted their target price on Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, March 26th. Finally, UBS Group raised their price target on Franco-Nevada from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and an average price target of $162.75.

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.