Iron Gate Global Advisors LLC Has $239,000 Holdings in Franco-Nevada Co. (NYSE:FNV)

Iron Gate Global Advisors LLC lessened its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,925 shares of the basic materials company’s stock after selling 203 shares during the quarter. Iron Gate Global Advisors LLC’s holdings in Franco-Nevada were worth $239,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Graham Capital Wealth Management LLC lifted its stake in Franco-Nevada by 0.4% during the second quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company’s stock worth $2,511,000 after purchasing an additional 86 shares during the last quarter. Meixler Investment Management Ltd. raised its holdings in Franco-Nevada by 0.5% during the 2nd quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock worth $2,543,000 after purchasing an additional 101 shares during the last quarter. Natixis Advisors LLC raised its holdings in Franco-Nevada by 0.5% during the 2nd quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company’s stock worth $2,272,000 after purchasing an additional 101 shares during the last quarter. Huntington National Bank increased its stake in shares of Franco-Nevada by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 102 shares in the last quarter. Finally, Primoris Wealth Advisors LLC increased its stake in shares of Franco-Nevada by 4.7% in the 2nd quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

FNV has been the subject of several research analyst reports. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. TD Cowen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Bank of America lowered shares of Franco-Nevada from a “buy” rating to a “neutral” rating and decreased their price target for the company from $142.00 to $139.00 in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus price target of $152.83.

Franco-Nevada Trading Down 1.0 %

FNV opened at $121.37 on Tuesday. The stock has a fifty day simple moving average of $125.67 and a two-hundred day simple moving average of $123.67. The company has a market cap of $23.36 billion, a price-to-earnings ratio of -38.41 and a beta of 0.72. Franco-Nevada Co. has a 12-month low of $102.29 and a 12-month high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results 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). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. Franco-Nevada’s revenue was down 10.9% compared to the same quarter last year. On average, analysts predict that Franco-Nevada Co. will post 3.22 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 annualized dividend and a yield of 1.19%. Franco-Nevada’s payout ratio is -45.57%.

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.