Montrusco Bolton Investments Inc. Sells 19,917 Shares of Franco-Nevada Co. (NYSE:FNV)

Montrusco Bolton Investments Inc. trimmed its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,489 shares of the basic materials company’s stock after selling 19,917 shares during the quarter. Montrusco Bolton Investments Inc. owned approximately 0.08% of Franco-Nevada worth $17,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. PFG Investments LLC grew its holdings in shares of Franco-Nevada by 10.9% in the fourth quarter. PFG Investments LLC now owns 6,754 shares of the basic materials company’s stock worth $794,000 after purchasing an additional 665 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in Franco-Nevada by 4.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,715 shares of the basic materials company’s stock valued at $319,000 after buying an additional 122 shares during the period. Euro Pacific Asset Management LLC grew its holdings in Franco-Nevada by 2.1% in the 4th quarter. Euro Pacific Asset Management LLC now owns 227,912 shares of the basic materials company’s stock worth $27,046,000 after acquiring an additional 4,733 shares during the last quarter. Sustainable Insight Capital Management LLC increased its position in shares of Franco-Nevada by 2.7% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company’s stock valued at $441,000 after acquiring an additional 100 shares during the period. Finally, Fiduciary Family Office LLC bought a new position in shares of Franco-Nevada during the fourth quarter valued at about $218,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Stock Up 1.2 %

Shares of FNV stock opened at $130.79 on Wednesday. The business’s fifty day moving average is $122.70 and its 200 day moving average is $124.07. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve 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 for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $279.11 million. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. Analysts forecast that Franco-Nevada Co. will post 3.18 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s dividend payout ratio is -45.57%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $155.00 target price on shares of Franco-Nevada in a research note on Tuesday. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. UBS Group initiated coverage on Franco-Nevada in a report on Monday, November 18th. They set a “buy” rating and a $160.00 target price for the company. Jefferies Financial Group dropped 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. Finally, Scotiabank reduced their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Franco-Nevada currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

Franco-Nevada 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.