CWA Asset Management Group LLC Sells 11,295 Shares of Franco-Nevada Co. (NYSE:FNV)

CWA Asset Management Group LLC lessened its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 7.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,668 shares of the basic materials company's stock after selling 11,295 shares during the period. Franco-Nevada accounts for 0.9% of CWA Asset Management Group LLC's portfolio, making the stock its 22nd biggest holding. CWA Asset Management Group LLC owned about 0.08% of Franco-Nevada worth $17,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in Franco-Nevada by 3,333.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 400 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Franco-Nevada during the third quarter worth approximately $52,000. Erste Asset Management GmbH acquired a new position in Franco-Nevada in the third quarter worth approximately $55,000. Capital Performance Advisors LLP bought a new position in shares of Franco-Nevada in the third quarter valued at $147,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada during the 3rd quarter valued at $151,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

FNV has been the subject of several analyst reports. Bank of America downgraded Franco-Nevada from a "buy" rating to a "neutral" rating and reduced their target price for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. UBS Group initiated coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They set a "buy" rating and a $160.00 price objective on the stock. Finally, Scotiabank decreased their target price on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $145.33.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded down $1.66 during trading hours on Monday, hitting $120.75. The stock had a trading volume of 689,781 shares, compared to its average volume of 627,359. The firm's 50-day moving average price is $121.88 and its two-hundred day moving average price is $123.39. Franco-Nevada Co. has a 52 week low of $103.64 and a 52 week high of $137.60. The company has a market capitalization of $23.24 billion, a P/E ratio of -38.21 and a beta of 0.72.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. During the same quarter last year, the company posted $0.91 EPS. The business's revenue was down 10.9% compared to the same quarter last year. As a group, analysts expect that Franco-Nevada Co. will post 3.22 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors 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 1.19%. The ex-dividend date was Thursday, December 5th. Franco-Nevada's dividend payout ratio is currently -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.