Creekmur Asset Management LLC Has $50,000 Holdings in Franco-Nevada Co. (NYSE:FNV)

Creekmur Asset Management LLC reduced its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 426 shares of the basic materials company’s stock after selling 74 shares during the period. Creekmur Asset Management LLC’s holdings in Franco-Nevada were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of Franco-Nevada in the fourth quarter valued at $47,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Franco-Nevada during the 4th quarter valued at about $49,000. Point72 DIFC Ltd bought a new stake in Franco-Nevada in the third quarter valued at about $52,000. Harbour Investments Inc. increased its stake in Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 93 shares during the period. Finally, Erste Asset Management GmbH acquired a new position in Franco-Nevada in the third quarter worth about $55,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

Shares of FNV opened at $157.48 on Wednesday. The firm has a market capitalization of $30.32 billion, a PE ratio of -49.84, a P/E/G ratio of 9.78 and a beta of 0.73. The stock has a 50 day simple moving average of $143.77 and a 200 day simple moving average of $131.06. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $159.38.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Equities research analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.38 per share. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 0.97%. Franco-Nevada’s dividend payout ratio is presently 53.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FNV. UBS Group upped their price objective on Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, March 11th. Royal Bank of Canada upped their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. Scotiabank lifted their target price on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. Finally, HC Wainwright raised their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average target price of $155.50.

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.