Hillsdale Investment Management Inc. Trims Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Hillsdale Investment Management Inc. reduced its stake in shares of Franco-Nevada Co. (NYSE:FNVFree Report) (TSE:FNV) by 99.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 330 shares of the basic materials company’s stock after selling 66,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in Franco-Nevada were worth $37,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new stake in Franco-Nevada during the 3rd quarter worth about $30,000. Creative Financial Designs Inc. ADV acquired a new stake in Franco-Nevada during the 4th quarter worth about $34,000. Allworth Financial LP grew its position in Franco-Nevada by 5,750.0% during the 4th quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 345 shares during the period. Blue Trust Inc. grew its position in Franco-Nevada by 277.6% during the 4th quarter. Blue Trust Inc. now owns 589 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 433 shares during the period. Finally, Larson Financial Group LLC grew its position in Franco-Nevada by 35.2% during the 4th quarter. Larson Financial Group LLC now owns 642 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 167 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Trading Down 3.1 %

FNV stock opened at $124.44 on Thursday. Franco-Nevada Co. has a 12-month low of $102.29 and a 12-month high of $151.63. The stock has a market cap of $23.93 billion, a price-to-earnings ratio of -49.98, a PEG ratio of 29.12 and a beta of 0.71. The business’s 50-day moving average is $121.08 and its 200 day moving average is $114.61.

Franco-Nevada (NYSE:FNVGet Free Report) (TSE:FNV) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.08. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The company had revenue of $256.80 million for the quarter, compared to analysts’ expectations of $250.50 million. During the same period in the previous year, the firm posted $0.79 EPS. Franco-Nevada’s revenue was down 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Franco-Nevada Co. will post 3.17 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 13th. Franco-Nevada’s payout ratio is -57.43%.

Wall Street Analysts Forecast Growth

FNV has been the topic of several analyst reports. Bank of America cut their price target on Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Jefferies Financial Group raised their target price on Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. HC Wainwright raised their target price on Franco-Nevada from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Raymond James raised their target price on Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, TheStreet cut Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $148.60.

View Our Latest Stock Report on Franco-Nevada

About Franco-Nevada

(Free Report)

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.

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Institutional Ownership by Quarter for Franco-Nevada (NYSE:FNV)

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