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

Capital Asset Advisory Services LLC trimmed its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,277 shares of the basic materials company’s stock after selling 331 shares during the period. 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.

Several other large investors have also recently bought and sold shares of FNV. Dimensional Fund Advisors LP raised its position in Franco-Nevada by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 155,836 shares of the basic materials company’s stock valued at $18,472,000 after buying an additional 6,202 shares during the period. Thrivent Financial for Lutherans increased its position in Franco-Nevada by 33.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 16,199 shares of the basic materials company’s stock worth $1,920,000 after purchasing an additional 4,036 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its position in Franco-Nevada by 33.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 15,024 shares of the basic materials company’s stock worth $1,781,000 after purchasing an additional 3,724 shares during the last quarter. Creative Planning increased its position in Franco-Nevada by 15.4% in the 2nd quarter. Creative Planning now owns 12,047 shares of the basic materials company’s stock worth $1,428,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Franco-Nevada by 18.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 204 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FNV shares. HC Wainwright dropped their target price on Franco-Nevada from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. UBS Group started coverage on Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 price target for the company. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Jefferies Financial Group decreased their price target on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.33.

Franco-Nevada Stock Up 0.6 %

FNV opened at $130.18 on Monday. The stock’s 50 day moving average price is $122.29 and its two-hundred day moving average price is $124.05. Franco-Nevada Co. has a 12-month low of $103.64 and a 12-month high of $137.60.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. During the same period last year, the business earned $0.91 EPS. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Franco-Nevada Co. will post 3.18 EPS for the current year.

Franco-Nevada Announces Dividend

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