Franco-Nevada Co. (NYSE:FNV) Shares Sold by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC cut its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,361 shares of the basic materials company's stock after selling 2,295 shares during the period. McCollum Christoferson Group LLC's holdings in Franco-Nevada were worth $3,805,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FNV. Laurel Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada during the fourth quarter worth about $47,000. Point72 DIFC Ltd acquired a new stake in Franco-Nevada in the 3rd quarter worth approximately $52,000. Erste Asset Management GmbH purchased a new stake in Franco-Nevada during the 3rd quarter worth approximately $55,000. Harbour Investments Inc. increased its stake in Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Franco-Nevada in the fourth quarter worth $73,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Stock Up 1.8 %

Shares of Franco-Nevada stock traded up $2.69 on Thursday, hitting $155.97. 302,493 shares of the company were exchanged, compared to its average volume of 621,680. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $158.52. The stock has a market capitalization of $30.03 billion, a price-to-earnings ratio of -49.35, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The company has a 50-day moving average price of $141.36 and a 200 day moving average price of $130.04.

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

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.97%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is currently 53.15%.

Analyst Upgrades and Downgrades

FNV has been the topic of several research reports. StockNews.com raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Royal Bank of Canada raised their price objective on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. HC Wainwright lifted their target price on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday. Raymond James increased their price target 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. Finally, UBS Group lifted their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Franco-Nevada presently has an average rating of "Moderate Buy" and an average target price of $155.50.

About Franco-Nevada

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.