Beacon Pointe Advisors LLC Has $5.88 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Beacon Pointe Advisors LLC decreased its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,017 shares of the basic materials company’s stock after selling 1,601 shares during the period. Beacon Pointe Advisors LLC’s holdings in Franco-Nevada were worth $5,881,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Franco-Nevada by 29.4% in the third quarter. Barclays PLC now owns 35,828 shares of the basic materials company’s stock worth $4,450,000 after purchasing an additional 8,147 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Franco-Nevada during the 3rd quarter worth about $326,000. Tri Ri Asset Management Corp bought a new stake in Franco-Nevada during the 3rd quarter worth about $3,433,000. Franklin Resources Inc. grew its holdings in shares of Franco-Nevada by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 79,232 shares of the basic materials company’s stock valued at $9,957,000 after acquiring an additional 6,052 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Franco-Nevada by 8.7% in the fourth quarter. Confluence Investment Management LLC now owns 5,790 shares of the basic materials company’s stock valued at $681,000 after acquiring an additional 465 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Performance

Shares of NYSE FNV opened at $168.66 on Wednesday. The stock has a market capitalization of $32.48 billion, a P/E ratio of -53.37, a PEG ratio of 9.78 and a beta of 0.68. The stock’s fifty day moving average is $154.62 and its 200 day moving average is $136.70. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS. Equities research analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FNV shares. StockNews.com upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. UBS Group boosted their target price on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 11th. BMO Capital Markets assumed coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They issued an “outperform” rating for the company. TD Securities cut shares of 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, Royal Bank of Canada lifted their price target on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus target price of $162.25.

Franco-Nevada Company 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.