Mayflower Financial Advisors LLC Has $768,000 Stock Position in Franco-Nevada Co. (NYSE:FNV)

Mayflower Financial Advisors LLC decreased its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,530 shares of the basic materials company's stock after selling 2,356 shares during the quarter. Mayflower Financial Advisors LLC's holdings in Franco-Nevada were worth $768,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Franco-Nevada by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 155,836 shares of the basic materials company's stock worth $18,472,000 after buying an additional 6,202 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Franco-Nevada by 33.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,199 shares of the basic materials company's stock worth $1,920,000 after purchasing an additional 4,036 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its stake in shares of Franco-Nevada by 33.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 15,024 shares of the basic materials company's stock worth $1,781,000 after purchasing an additional 3,724 shares during the last quarter. Creative Planning raised its holdings in shares of Franco-Nevada by 15.4% during the 2nd quarter. Creative Planning now owns 12,047 shares of the basic materials company's stock valued at $1,428,000 after purchasing an additional 1,608 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Franco-Nevada by 18.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the basic materials company's stock valued at $156,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FNV shares. HC Wainwright reissued a "buy" rating and set a $155.00 target price on shares of Franco-Nevada in a research report on Tuesday. Scotiabank lowered their price objective on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating on the stock in a report on Friday, November 8th. UBS Group assumed coverage on Franco-Nevada in a report on Monday, November 18th. They issued a "buy" rating and a $160.00 target price for the company. Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Franco-Nevada has a consensus rating of "Moderate Buy" and a consensus target price of $145.33.

Franco-Nevada Trading Down 0.1 %

NYSE:FNV traded down $0.18 during trading hours on Friday, hitting $136.06. 632,355 shares of the company traded hands, compared to its average volume of 564,249. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve month high of $138.34. The firm has a 50-day moving average of $123.40 and a 200 day moving average of $124.22. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of -43.06, a P/E/G ratio of 5.90 and a beta of 0.72.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 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 company had revenue of $275.70 million for the quarter, compared to analyst estimates of $279.11 million. During the same period in the prior year, the company posted $0.91 EPS. The firm's quarterly revenue was down 10.9% on a year-over-year basis. Equities research analysts predict that Franco-Nevada Co. will post 3.19 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed 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 is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio (DPR) 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.