Capital Asset Advisory Services LLC Has $3.71 Million Holdings in Franco-Nevada Co. (NYSE:FNV)

Capital Asset Advisory Services LLC lessened its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,277 shares of the basic materials company’s stock after selling 331 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Franco-Nevada were worth $3,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada during the 4th quarter worth approximately $47,000. Sunbelt Securities Inc. lifted its position in shares of Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after buying an additional 400 shares during the period. Point72 DIFC Ltd bought a new position in shares of Franco-Nevada during the 3rd quarter worth approximately $52,000. Erste Asset Management GmbH bought a new position in shares of Franco-Nevada during the 3rd quarter worth approximately $55,000. Finally, Birch Capital Management LLC lifted its position in shares of Franco-Nevada by 37.9% during the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after buying an additional 298 shares during the period. Institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

FNV has been the subject of several analyst reports. Jefferies Financial Group cut their target price on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. HC Wainwright cut their price objective on Franco-Nevada from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Bank of America downgraded Franco-Nevada from a “buy” rating to a “neutral” rating and cut their price objective for the company from $142.00 to $139.00 in a research report on Tuesday, October 1st. UBS Group assumed coverage on Franco-Nevada in a research report on Monday, November 18th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

Franco-Nevada Stock Performance

FNV stock opened at $130.18 on Monday. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve month high of $137.60. The business has a fifty day moving average of $122.29 and a 200-day moving average of $124.05.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, research analysts expect that Franco-Nevada Co. will post 3.18 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. Franco-Nevada’s payout ratio is currently -45.57%.

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.