Klein Pavlis & Peasley Financial Inc. Sells 2,569 Shares of Franco-Nevada Corporation $FNV

Klein Pavlis & Peasley Financial Inc. lessened its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 21.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,594 shares of the basic materials company’s stock after selling 2,569 shares during the quarter. Franco-Nevada accounts for approximately 1.3% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 27th biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Franco-Nevada were worth $2,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in shares of Franco-Nevada during the 2nd quarter worth $32,000. Smartleaf Asset Management LLC raised its stake in Franco-Nevada by 600.0% during the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 168 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Franco-Nevada by 78.3% in the second quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 90 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Franco-Nevada by 590.9% in the 2nd quarter. CENTRAL TRUST Co now owns 228 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 195 shares in the last quarter. Finally, City Holding Co. acquired a new stake in shares of Franco-Nevada in the 3rd quarter valued at approximately $56,000. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Up 1.4%

NYSE FNV opened at $243.77 on Friday. The company has a market capitalization of $47.00 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.45 and a beta of 0.48. Franco-Nevada Corporation has a twelve month low of $123.66 and a twelve month high of $243.83. The stock has a fifty day simple moving average of $209.93 and a 200 day simple moving average of $194.44.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, November 3rd. The basic materials company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The firm had revenue of $487.70 million for the quarter, compared to analyst estimates of $448.51 million. Franco-Nevada had a return on equity of 13.94% and a net margin of 59.48%.The business’s revenue was up 76.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 EPS. Research analysts expect that Franco-Nevada Corporation will post 3.09 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, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, December 4th. Franco-Nevada’s dividend payout ratio is currently 31.87%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $228.00 price objective on shares of Franco-Nevada in a research note on Sunday, December 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Franco-Nevada in a research note on Monday, December 29th. Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Zacks Research cut Franco-Nevada from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Finally, TD Securities cut their price target on Franco-Nevada from $247.00 to $225.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus target price of $232.75.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.