Quent Capital LLC Sells 1,241 Shares of Franco-Nevada Co. (NYSE:FNV)

Quent Capital LLC lessened its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 60.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 797 shares of the basic materials company’s stock after selling 1,241 shares during the quarter. Quent Capital LLC’s holdings in Franco-Nevada were worth $94,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FNV. Massachusetts Financial Services Co. MA raised its holdings in shares of Franco-Nevada by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,008,095 shares of the basic materials company’s stock valued at $1,219,807,000 after purchasing an additional 566,539 shares in the last quarter. FIL Ltd raised its holdings in Franco-Nevada by 7.8% during the fourth quarter. FIL Ltd now owns 9,079,951 shares of the basic materials company’s stock valued at $1,005,852,000 after buying an additional 659,324 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Franco-Nevada by 9.9% in the fourth quarter. Van ECK Associates Corp now owns 8,778,127 shares of the basic materials company’s stock worth $972,707,000 after buying an additional 789,070 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Franco-Nevada by 1.8% in the first quarter. Vanguard Group Inc. now owns 7,374,086 shares of the basic materials company’s stock worth $878,696,000 after buying an additional 129,876 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of Franco-Nevada by 2.7% during the 1st quarter. Capital World Investors now owns 4,597,472 shares of the basic materials company’s stock worth $547,807,000 after acquiring an additional 120,367 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Scotiabank boosted their target price on Franco-Nevada from $140.00 to $141.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Raymond James boosted their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Bank of America raised their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. HC Wainwright boosted their target price on shares of Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Jefferies Financial Group upped their price target on shares of Franco-Nevada from $129.00 to $133.00 and gave the company a “hold” rating in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada currently has an average rating of “Hold” and a consensus price target of $152.33.

Franco-Nevada Trading Down 0.2 %

FNV traded down $0.28 on Tuesday, hitting $120.50. 603,352 shares of the stock traded hands, compared to its average volume of 664,386. The business has a fifty day moving average price of $122.24 and a two-hundred day moving average price of $118.24. The firm has a market capitalization of $23.19 billion, a PE ratio of -48.39, a P/E/G ratio of 21.14 and a beta of 0.74. Franco-Nevada Co. has a 52 week low of $102.29 and a 52 week high of $146.43.

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.