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CWA Asset Management Group LLC has a $41.34 million position in Franco-Nevada Co. (NYSE:FNV)

CWA Asset Management Group LLC has sold its position in Franco-Nevada Co. reduced. (NYSE:FNV – Free Report) TSE: FNV by 16.7% in the fourth quarter, according to the most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,111 shares of the basic materials company after selling 74,783 shares during the quarter. Franco-Nevada accounts for 2.8% of CWA Asset Management Group LLC’s portfolio, making it the fifth largest holding. CWA Asset Management Group LLC owned about 0.19% of Franco-Nevada worth $41,344,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold FNV shares. Campbell & CO Investment Adviser LLC bought a new position in Franco-Nevada in the 4th quarter valued at approximately $1,194,000. Armor Advisors LLC increased its holdings in Franco-Nevada by 14.2% in the fourth quarter. Armor Advisors LLC now owns 129,531 shares of the basic materials company’s stock worth $14,353,000 after purchasing an additional 16,124 shares during the period. Alberta Investment Management Corp increased its stake in Franco-Nevada by 2.3% in the fourth quarter. Alberta Investment Management Corp now owns 447,633 shares of the basic materials company’s stock worth $49,825,000 after purchasing an additional 10,250 shares during the period. Brown Brothers Harriman & Co. increased its stake in Franco-Nevada by 34.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,177 shares of the basic materials company’s stock worth $130,000, after purchasing an additional 300 shares during the period. Finally, Scotia Capital Inc. raised its stake in Franco-Nevada increased by 27.1% in the fourth quarter. Scotia Capital Inc. now owns 149,153 shares of the basic materials company’s stock worth $16,474,000 after purchasing an additional 31,796 shares during the period. Institutional investors own 77.06% of the company’s shares.

Franco-Nevada is trading 4.4% lower

FNV stock fell $5.43 during trading on Tuesday, reaching $118.69. The stock had a trading volume of 269,323 shares, compared to its average volume of 687,017. Franco Nevada Co. has a 52-week low of $102.29 and a 52-week high of $149.06. The stock’s 50-day moving average is $122.31 and its two-hundred-day moving average is $114.69. The company has a market cap of $22.83 billion, a price-to-earnings ratio of -48.07, a PEG ratio of 28.01, and a beta of 0.77.

Franco-Nevada (NYSE:FNV – Get Free Report) TSE: FNV last published its quarterly figures on Wednesday, May 1. The basic materials company reported $0.76 earnings per share for the quarter, topping analyst consensus estimates of $0.68 by $0.08. The company had revenue of $256.80 million during the quarter, compared to analyst expectations of $250.50 million. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The company’s quarterly revenue fell 7.1% year over year. During the same quarter of the previous year, the company posted earnings per share of $0.79. On average, research analysts expect Franco-Nevada Co. will post earnings per share of 3.18 this year.

Franco-Nevada announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27. Investors of record on Thursday, June 13 will receive a dividend of $0.36 per share. This represents a dividend of $1.44 annually and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, June 13. Franco-Nevada’s dividend payout ratio currently stands at -57.43%.

Analyst upgrades and downgrades

FNV has been the subject of several reports from research analysts. Raymond James raised their price target on Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, April 11. Bank of America lowered their price target on Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, March 18. Scotiabank raised their price target on Franco-Nevada from $140.00 to $141.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23. Jefferies Financial Group raised their price target on Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a research note on Monday, April 22. Finally, HC Wainwright raised their price target on Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, May 6. Six 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, the stock currently has a consensus rating of “Hold” and an average price target of $148.70.

Get our latest Franco-Nevada stock report

French Nevada Profile

(Free report)

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 the 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.

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Would you like to see what other hedge funds own FNV? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Franco-Nevada Co. (NYSE:FNV – Free Report) TSE: FNV.

Quarterly Institutional Ownership for Franco-Nevada (NYSE:FNV)

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