Inspire Advisors LLC Sells 459 Shares of Franco-Nevada Co. (NYSE:FNV)

Inspire Advisors LLC trimmed its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 10.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,764 shares of the basic materials company’s stock after selling 459 shares during the period. Inspire Advisors LLC’s holdings in Franco-Nevada were worth $468,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Mechanics Financial Corp boosted its holdings in Franco-Nevada by 150.0% in the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 150 shares during the period. Mather Group LLC. bought a new stake in Franco-Nevada during the second quarter valued at $33,000. Kings Path Partners LLC purchased a new position in Franco-Nevada during the second quarter worth about $36,000. Sunbelt Securities Inc. increased its stake in Franco-Nevada by 3,333.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 400 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Franco-Nevada by 37.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 440 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 119 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group decreased their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday. TD Cowen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Scotiabank upped their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Finally, HC Wainwright restated a “buy” rating and set a $185.00 price target on shares of Franco-Nevada in a research report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and an average target price of $152.75.

Franco-Nevada Stock Up 3.9 %

Franco-Nevada stock opened at $132.13 on Friday. The firm has a fifty day simple moving average of $123.53 and a two-hundred day simple moving average of $122.77. Franco-Nevada Co. has a twelve month low of $102.29 and a twelve month high of $140.40. The company has a market capitalization of $25.43 billion, a PE ratio of -53.06, a P/E/G ratio of 20.13 and a beta of 0.76.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The company had revenue of $260.10 million during the quarter, compared to the consensus estimate of $277.44 million. During the same period last year, the firm posted $0.95 EPS. The company’s revenue was down 21.2% on a year-over-year basis. As a group, equities analysts expect that Franco-Nevada Co. will post 3.26 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada’s payout ratio is -57.83%.

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.