UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 14,341 Shares of Franco-Nevada Co. (NYSE:FNV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,227 shares of the basic materials company's stock after selling 14,341 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.09% of Franco-Nevada worth $21,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Franco-Nevada by 8.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,489 shares of the basic materials company's stock valued at $11,127,000 after purchasing an additional 6,676 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of Franco-Nevada by 1.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 935,834 shares of the basic materials company's stock worth $116,277,000 after buying an additional 17,232 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Franco-Nevada during the 3rd quarter valued at about $717,000. Cerity Partners LLC grew its stake 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 acquiring an additional 791 shares during the period. Finally, Icon Wealth Advisors LLC purchased a new stake in Franco-Nevada in the 3rd quarter worth approximately $158,000. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Trading Down 2.3 %

Shares of NYSE:FNV traded down $2.87 during mid-day trading on Friday, reaching $120.66. The stock had a trading volume of 658,179 shares, compared to its average volume of 666,771. The company has a market cap of $23.23 billion, a P/E ratio of -38.18 and a beta of 0.72. The business's 50 day moving average price is $125.21 and its 200 day moving average price is $123.56. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $137.60.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data 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 firm had revenue of $275.70 million for the quarter, compared to analysts' expectations of $279.11 million. During the same period last year, the company earned $0.91 earnings per share. The firm's revenue was down 10.9% on a year-over-year basis. Analysts predict that Franco-Nevada Co. will post 3.22 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. Franco-Nevada's payout ratio is currently -45.57%.

Analyst Upgrades and Downgrades

FNV has been the topic of several analyst reports. StockNews.com raised shares of Franco-Nevada from a "sell" rating to a "hold" rating in a report on Thursday, August 22nd. HC Wainwright upped their price target on shares of Franco-Nevada from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. TD Securities upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. UBS Group assumed coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They issued a "buy" rating and a $160.00 price target for the company. Finally, TD Cowen raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $152.83.

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.