Quent Capital LLC Sells 1,241 Shares of Franco-Nevada Co. (NYSE:FNV)

Quent Capital LLC decreased its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 60.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 797 shares of the basic materials company’s stock after selling 1,241 shares during the period. Quent Capital LLC’s holdings in Franco-Nevada were worth $94,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNV. Allworth Financial LP grew its holdings in Franco-Nevada by 5,750.0% during the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 345 shares during the period. Fortis Group Advisors LLC increased its stake in shares of Franco-Nevada by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 176 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Franco-Nevada by 37.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 440 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 119 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of Franco-Nevada by 33.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock valued at $52,000 after buying an additional 110 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Franco-Nevada in the 1st quarter worth approximately $62,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FNV shares. Jefferies Financial Group boosted their target price on shares of Franco-Nevada from $129.00 to $133.00 and gave the company a “hold” rating in a report on Friday, July 12th. Bank of America boosted their price objective on Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Raymond James raised their target price on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Scotiabank increased their price target on shares of Franco-Nevada from $140.00 to $141.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Finally, HC Wainwright boosted their price objective on shares of Franco-Nevada from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of “Hold” and a consensus price target of $152.33.

Franco-Nevada Price Performance

NYSE FNV traded down $0.28 during trading hours on Tuesday, reaching $120.50. 603,352 shares of the stock traded hands, compared to its average volume of 664,386. The stock has a 50 day simple moving average of $122.24 and a two-hundred day simple moving average of $118.24. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $146.43. The company has a market cap of $23.19 billion, a price-to-earnings ratio of -48.39, a price-to-earnings-growth ratio of 21.14 and a beta of 0.74.

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.