Guardian Capital Advisors LP Sells 178 Shares of Franco-Nevada Co. (NYSE:FNV)

Guardian Capital Advisors LP lessened its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 6.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,760 shares of the basic materials company’s stock after selling 178 shares during the quarter. Guardian Capital Advisors LP’s holdings in Franco-Nevada were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FNV. Allworth Financial LP grew its position in Franco-Nevada by 5,750.0% in the 4th quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 345 shares during the last quarter. Fortis Group Advisors LLC grew its position in Franco-Nevada by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 176 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Franco-Nevada by 37.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 440 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 119 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Franco-Nevada by 33.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 110 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Franco-Nevada in the 1st quarter valued at $62,000. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Up 0.3 %

Shares of NYSE FNV traded up $0.43 during mid-day trading on Friday, reaching $124.64. 434,973 shares of the company were exchanged, compared to its average volume of 457,601. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of -50.06, a P/E/G ratio of 20.66 and a beta of 0.74. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $147.35. The firm has a 50-day moving average of $122.17 and a 200 day moving average of $117.33.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $256.80 million during the quarter, compared to analysts’ expectations of $250.50 million. During the same period in the prior year, the business posted $0.79 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities analysts forecast that Franco-Nevada Co. will post 3.27 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, June 13th. Franco-Nevada’s dividend payout ratio (DPR) is presently -57.83%.

Analyst Ratings Changes

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

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.