Mayflower Financial Advisors LLC Has $1.10 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Mayflower Financial Advisors LLC trimmed its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 12.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,886 shares of the basic materials company’s stock after selling 1,311 shares during the period. Mayflower Financial Advisors LLC’s holdings in Franco-Nevada were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FNV. Privium Fund Management B.V. raised its holdings in shares of Franco-Nevada by 155.7% in the 3rd quarter. Privium Fund Management B.V. now owns 6,061 shares of the basic materials company’s stock worth $753,000 after acquiring an additional 3,691 shares during the last quarter. Sustainable Insight Capital Management LLC purchased a new stake in shares of Franco-Nevada in the third quarter worth approximately $454,000. Oxbow Advisors LLC raised its stake in shares of Franco-Nevada by 3.1% in the third quarter. Oxbow Advisors LLC now owns 16,862 shares of the basic materials company’s stock worth $2,095,000 after purchasing an additional 510 shares during the last quarter. Markel Group Inc. lifted its holdings in shares of Franco-Nevada by 41.0% in the third quarter. Markel Group Inc. now owns 345,500 shares of the basic materials company’s stock valued at $42,929,000 after purchasing an additional 100,500 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of Franco-Nevada during the third quarter valued at approximately $19,875,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. HC Wainwright raised their price objective on Franco-Nevada from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. TD Cowen raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group dropped their price target on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Franco-Nevada presently has an average rating of “Moderate Buy” and an average target price of $156.57.

Franco-Nevada Trading Down 3.1 %

Franco-Nevada stock opened at $122.44 on Friday. The business’s 50 day simple moving average is $126.66 and its 200 day simple moving average is $124.17. Franco-Nevada Co. has a 12 month low of $102.29 and a 12 month high of $137.60. The company has a market cap of $23.57 billion, a price-to-earnings ratio of -38.75, a PEG ratio of 22.11 and a beta of 0.75.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). The business had revenue of $275.70 million for the quarter, compared to analysts’ expectations of $279.11 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.63%. Franco-Nevada’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. As a group, equities research analysts forecast that Franco-Nevada Co. will post 3.25 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. Franco-Nevada’s dividend payout ratio is currently -45.57%.

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.