Privium Fund Management B.V. Sells 3,084 Shares of Franco-Nevada Co. (NYSE:FNV)

Privium Fund Management B.V. cut its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 50.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,977 shares of the basic materials company’s stock after selling 3,084 shares during the period. Privium Fund Management B.V.’s holdings in Franco-Nevada were worth $350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNV. Van ECK Associates Corp lifted its holdings in Franco-Nevada by 2.3% during the fourth quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company’s stock worth $1,004,046,000 after acquiring an additional 193,968 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Franco-Nevada by 3.3% in the fourth quarter. First Eagle Investment Management LLC now owns 3,366,544 shares of the basic materials company’s stock valued at $395,113,000 after buying an additional 107,043 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Franco-Nevada by 19.4% in the third quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company’s stock valued at $411,003,000 after buying an additional 537,047 shares during the period. National Bank of Canada FI lifted its position in Franco-Nevada by 2.2% in the 3rd quarter. National Bank of Canada FI now owns 1,380,730 shares of the basic materials company’s stock valued at $171,513,000 after acquiring an additional 29,512 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Franco-Nevada by 76.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company’s stock worth $159,530,000 after purchasing an additional 556,894 shares during the period. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Trading Up 0.2 %

Shares of FNV opened at $154.31 on Wednesday. The company’s fifty day simple moving average is $137.96 and its 200 day simple moving average is $128.62. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $156.82. The company has a market cap of $29.71 billion, a price-to-earnings ratio of -48.83, a PEG ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. The company had revenue of $321.00 million for 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%. Franco-Nevada’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 business earned $0.90 EPS. As a group, research analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 0.99%. Franco-Nevada’s dividend payout ratio is currently 53.15%.

Analysts Set New Price Targets

Several research firms have issued reports on FNV. Scotiabank lifted their price target on Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. HC Wainwright boosted their target price on Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.63.

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.