Franco-Nevada Co. (NYSE:FNV) Shares Sold by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY lessened its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 7.7% in the 4th quarter, HoldingsChannel reports. The fund owned 21,023 shares of the basic materials company’s stock after selling 1,745 shares during the quarter. Franco-Nevada accounts for about 2.6% of Cypress Capital Management LLC WY’s holdings, making the stock its 8th biggest holding. Cypress Capital Management LLC WY’s holdings in Franco-Nevada were worth $2,330,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Intact Investment Management Inc. grew its position in shares of Franco-Nevada by 191.1% during the 4th quarter. Intact Investment Management Inc. now owns 106,910 shares of the basic materials company’s stock worth $11,842,000 after buying an additional 70,180 shares during the period. Russell Investments Group Ltd. boosted its stake in Franco-Nevada by 7.1% during the 4th quarter. Russell Investments Group Ltd. now owns 124,688 shares of the basic materials company’s stock worth $13,879,000 after acquiring an additional 8,311 shares during the last quarter. Meixler Investment Management Ltd. boosted its stake in Franco-Nevada by 5.1% during the 4th quarter. Meixler Investment Management Ltd. now owns 10,324 shares of the basic materials company’s stock worth $1,144,000 after acquiring an additional 499 shares during the last quarter. Semanteon Capital Management LP bought a new position in Franco-Nevada during the 4th quarter worth approximately $1,189,000. Finally, Larson Financial Group LLC lifted its stake in Franco-Nevada by 35.2% in the fourth quarter. Larson Financial Group LLC now owns 642 shares of the basic materials company’s stock valued at $71,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Scotiabank lifted their price target on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a research note on Thursday, April 18th. Bank of America dropped their price target on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. TheStreet lowered shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. Raymond James upped their price target on shares of Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group upped their price target on shares of Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $148.60.

Franco-Nevada Stock Performance

NYSE:FNV traded up $0.13 during mid-day trading on Monday, reaching $123.06. 490,998 shares of the company’s stock were exchanged, compared to its average volume of 731,140. Franco-Nevada Co. has a one year low of $102.29 and a one year high of $161.25. The firm has a market capitalization of $23.67 billion, a PE ratio of -50.86, a price-to-earnings-growth ratio of 6.27 and a beta of 0.71. The business’s fifty day simple moving average is $115.31 and its two-hundred day simple moving average is $115.51.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. The firm had revenue of $303.30 million for the quarter. As a group, equities research analysts forecast that Franco-Nevada Co. will post 2.97 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.34. Franco-Nevada’s dividend payout ratio (DPR) is -55.97%.

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.