McCollum Christoferson Group LLC Sells 2,295 Shares of Franco-Nevada Co. (NYSE:FNV)

McCollum Christoferson Group LLC cut its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,361 shares of the basic materials company's stock after selling 2,295 shares during the quarter. McCollum Christoferson Group LLC's holdings in Franco-Nevada were worth $3,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Natixis Advisors LLC grew its holdings in shares of Franco-Nevada by 6.5% during the 3rd quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company's stock worth $2,535,000 after acquiring an additional 1,237 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Franco-Nevada by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 407,137 shares of the basic materials company's stock worth $50,623,000 after purchasing an additional 19,589 shares during the last quarter. Citigroup Inc. raised its position in Franco-Nevada by 33.1% in the 3rd quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company's stock worth $4,565,000 after buying an additional 9,119 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in Franco-Nevada during the third quarter valued at approximately $158,000. Finally, Cerity Partners LLC lifted its holdings in shares of Franco-Nevada by 28.4% during the 3rd quarter. Cerity Partners LLC now owns 3,581 shares of the basic materials company's stock valued at $445,000 after buying an additional 791 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

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Franco-Nevada Stock Down 1.2 %

NYSE:FNV traded down $1.88 during mid-day trading on Friday, hitting $155.36. 737,278 shares of the stock traded hands, compared to its average volume of 658,606. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $159.38. The stock has a market capitalization of $29.92 billion, a price-to-earnings ratio of -49.16, a PEG ratio of 9.78 and a beta of 0.73. The firm's 50 day moving average is $142.60 and its two-hundred day moving average is $130.48.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $321.00 million for the quarter, compared to analysts' expectations of $304.33 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.38 per share. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 13th. Franco-Nevada's payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FNV. Scotiabank increased their price objective on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 11th. Royal Bank of Canada upped 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 raised their target price on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a research note on Tuesday, March 11th. Finally, UBS Group upped their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Franco-Nevada has an average rating of "Moderate Buy" and a consensus target price of $155.50.

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.