Fiduciary Trust Co Sells 725 Shares of Franco-Nevada Co. (NYSE:FNV)

Fiduciary Trust Co reduced its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 16.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,755 shares of the basic materials company’s stock after selling 725 shares during the quarter. Fiduciary Trust Co’s holdings in Franco-Nevada were worth $442,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FNV. Essex Financial Services Inc. lifted its holdings in Franco-Nevada by 2.2% in the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company’s stock worth $458,000 after purchasing an additional 84 shares in the last quarter. Harbour Investments Inc. lifted its holdings in 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 in the last quarter. Mutual Advisors LLC lifted its holdings in Franco-Nevada by 4.0% in the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company’s stock worth $309,000 after purchasing an additional 96 shares in the last quarter. Sustainable Insight Capital Management LLC lifted its holdings in Franco-Nevada by 2.7% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 100 shares in the last quarter. Finally, Blossom Wealth Management increased its stake in Franco-Nevada by 3.9% in the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company’s stock worth $335,000 after acquiring an additional 108 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Performance

NYSE FNV opened at $168.66 on Monday. The company has a market cap of $32.48 billion, a P/E ratio of -53.37, a P/E/G ratio of 9.78 and a beta of 0.45. The business’s 50 day moving average price is $159.01 and its 200-day moving average price is $138.87. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $178.74.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.00 by $0.07. The company 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%. Franco-Nevada’s quarterly revenue was up 43.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. As a group, equities analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, June 12th. Franco-Nevada’s payout ratio is 47.50%.

Analyst Ratings Changes

FNV has been the topic of a number of research reports. UBS Group lifted their price objective on Franco-Nevada from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. National Bankshares reaffirmed a “sector perform” rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Scotiabank lifted their price objective on Franco-Nevada from $150.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Royal Bank of Canada lifted their price objective on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. Finally, Raymond James lifted their price objective on Franco-Nevada from $162.00 to $181.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and an average 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.