Stifel Financial Corp Lowers Stock Position in Franco-Nevada Co. (NYSE:FNV)

Stifel Financial Corp lowered its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 31.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,515 shares of the basic materials company’s stock after selling 12,497 shares during the period. Stifel Financial Corp’s holdings in Franco-Nevada were worth $3,236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Franco-Nevada by 538.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 512 shares in the last quarter. Natixis raised its position in Franco-Nevada by 117.2% in the fourth quarter. Natixis now owns 1,942 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 1,048 shares during the period. Bank of Nova Scotia Trust Co. lifted its position in Franco-Nevada by 1.8% during the fourth quarter. Bank of Nova Scotia Trust Co. now owns 67,325 shares of the basic materials company’s stock valued at $7,917,000 after purchasing an additional 1,193 shares in the last quarter. Capital World Investors lifted its position in shares of Franco-Nevada by 9.8% during the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company’s stock valued at $934,106,000 after buying an additional 711,591 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Franco-Nevada by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 244,478 shares of the basic materials company’s stock valued at $28,746,000 after purchasing an additional 38,585 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Trading Down 0.7 %

Shares of NYSE FNV opened at $164.58 on Friday. The stock has a market capitalization of $31.69 billion, a PE ratio of -52.08, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $178.74. The stock’s fifty day simple moving average is $156.32 and its two-hundred day simple moving average is $137.51.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. Franco-Nevada’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FNV. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, March 11th. National Bankshares restated a “sector perform” rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. Scotiabank increased their price target on Franco-Nevada from $150.00 to $165.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. HC Wainwright raised their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, March 26th. Finally, BMO Capital Markets started coverage on Franco-Nevada in a research report on Wednesday, April 16th. They set an “outperform” rating for the company. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average price target of $162.25.

About Franco-Nevada

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.