Franco-Nevada Co. (NYSE:FNV) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. reduced its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,701,250 shares of the basic materials company's stock after selling 191,176 shares during the quarter. Beutel Goodman & Co Ltd. owned 0.88% of Franco-Nevada worth $199,815,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Franco-Nevada by 2.3% during the 4th quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company's stock valued at $1,004,046,000 after buying an additional 193,968 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Franco-Nevada by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 7,799,415 shares of the basic materials company's stock valued at $916,540,000 after purchasing an additional 132,465 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Franco-Nevada by 3.3% in the 4th quarter. First Eagle Investment Management LLC now owns 3,366,544 shares of the basic materials company's stock worth $395,113,000 after acquiring an additional 107,043 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in shares of Franco-Nevada by 19.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company's stock worth $411,003,000 after acquiring an additional 537,047 shares during the period. Finally, Norges Bank acquired a new position in shares of Franco-Nevada during the 4th quarter valued at about $237,643,000. 77.06% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

FNV has been the subject of several analyst reports. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research report on Tuesday, March 11th. Raymond James upped their price objective on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Royal Bank of Canada lifted their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. Scotiabank upped their price target on Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 11th. Finally, StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $155.50.

Franco-Nevada Price Performance

Shares of NYSE FNV traded up $2.03 during midday trading on Monday, hitting $157.50. 757,225 shares of the company's stock were exchanged, compared to its average volume of 658,999. The firm's fifty day simple moving average is $142.60 and its 200-day simple moving average is $130.60. The company has a market cap of $30.33 billion, a PE ratio of -49.84, a P/E/G ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $159.38.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $321.00 million for the quarter, compared to analysts' expectations of $304.33 million. During the same quarter last year, the company earned $0.90 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.38 dividend. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, March 13th. Franco-Nevada's payout ratio is presently 53.15%.

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.