2 weeks Ago By ABMN Staff
Cerity Partners LLC reduced its stake in Franco-Nevada Co. ( NYSE:FNV – Free Report ) (TSE:FNV) by 38.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 2,189 shares of the basic materials company’s stock after selling 1,392 shares during the period. Cerity Partners LLC’s holdings in Franco-Nevada were worth $266,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds have also modified their holdings of the company.
Laurel Wealth Advisors LLC acquired a new stake in Franco-Nevada in the 4th quarter valued at $47,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Franco-Nevada in the 4th quarter valued at $49,000.
Harbour Investments Inc. grew its holdings in shares of Franco-Nevada by 25.8% in the 4th quarter.
Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 93 shares during the last quarter. SBI Securities Co.
Ltd. acquired a new stake in shares of Franco-Nevada during the 4th quarter worth about $73,000. Finally, Jones Financial Companies Lllp lifted its holdings in Franco-Nevada by 25.
6% during the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 126 shares during the last quarter. 77.
06% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several analysts have recently weighed in on the stock. 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. HC Wainwright raised their price target on Franco-Nevada from $165.
00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, March 26th. BMO Capital Markets began coverage on Franco-Nevada in a research note on Wednesday, April 16th.
They issued an “outperform” rating on the stock. 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 report on Tuesday, March 11th. Finally, UBS Group lifted their price target on Franco-Nevada from $170.00 to $190.
00 and gave the company a “buy” rating in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and an average price target of $162.
25. Franco-Nevada Price Performance Shares of NYSE:FNV opened at $171.36 on Friday.
The stock has a market cap of $33.00 billion, a price-to-earnings ratio of -54.23, a P/E/G ratio of 9.
78 and a beta of 0.68. The company has a 50 day moving average of $152.
88 and a 200-day moving average of $135.61. Franco-Nevada Co.
has a one year low of $112.70 and a one year high of $178.74.
Franco-Nevada ( NYSE:FNV – Get Free Report ) (TSE:FNV) last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.
90 by $0.05. The firm had revenue of $321.
00 million during the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.
28% and a positive return on equity of 10.55%. The business’s quarterly revenue was up 5.
8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS.
Equities research analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current year.
Franco-Nevada Increases Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.38 dividend.
This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 13th.
This represents a $1.52 annualized dividend and a yield of 0.89%.
Franco-Nevada’s dividend payout ratio is presently 53.15%. Franco-Nevada Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding FNV? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Franco-Nevada Co. ( NYSE:FNV – Free Report ) (TSE:FNV). Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with MarketBeat.
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