Franco-Nevada Co. (NYSE:FNV) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lessened its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,020,389 shares of the basic materials company's stock after selling 20,313 shares during the quarter. CIBC Asset Management Inc owned 0.53% of Franco-Nevada worth $127,036,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Franco-Nevada by 116.2% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,628 shares of the basic materials company's stock valued at $1,028,000 after buying an additional 4,637 shares during the period. M&G PLC grew its holdings in shares of Franco-Nevada by 3.2% during the 3rd quarter. M&G PLC now owns 1,679,858 shares of the basic materials company's stock valued at $208,645,000 after purchasing an additional 51,996 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Franco-Nevada by 3,404.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 727,681 shares of the basic materials company's stock valued at $86,287,000 after acquiring an additional 706,919 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Franco-Nevada in the first quarter valued at approximately $1,132,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Franco-Nevada by 44.4% during the first quarter. Janus Henderson Group PLC now owns 63,540 shares of the basic materials company's stock worth $7,576,000 after purchasing an additional 19,551 shares during the period. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Down 1.1 %

Shares of FNV traded down $1.32 during mid-day trading on Friday, hitting $113.90. 272,831 shares of the company were exchanged, compared to its average volume of 660,323. Franco-Nevada Co. has a 1-year low of $102.29 and a 1-year high of $137.60. The company has a 50 day moving average of $126.29 and a 200-day moving average of $123.98.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced 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 firm had revenue of $275.70 million during the quarter, compared to analysts' expectations of $279.11 million. During the same period in the previous year, the firm earned $0.91 EPS. The firm's revenue for the quarter was down 10.9% compared to the same quarter last year. Sell-side analysts expect that Franco-Nevada Co. will post 3.22 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 annualized dividend and a yield of 1.26%. Franco-Nevada's dividend payout ratio (DPR) is -45.57%.

Analyst Upgrades and Downgrades

FNV has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on Franco-Nevada from $137.00 to $136.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. HC Wainwright increased their price target on shares of Franco-Nevada from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, November 8th. StockNews.com upgraded Franco-Nevada from a "sell" rating to a "hold" rating in a research note on Thursday, August 22nd. TD Cowen raised Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Finally, Bank of America downgraded Franco-Nevada from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $142.00 to $139.00 in a research report on Tuesday, October 1st. Four equities 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 a consensus rating of "Moderate Buy" and an average target price of $156.57.

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.