Franco-Nevada (FNV) Holdings Cut by ARP Americas LP

ARP Americas LP cut its position in Franco-Nevada (NYSE:FNV) (TSE:FNV) by 35.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,441 shares of the basic materials company’s stock after selling 4,167 shares during the period. ARP Americas LP’s holdings in Franco-Nevada were worth $507,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Capital Fund Management S.A. raised its holdings in Franco-Nevada by 455.3% in the fourth quarter. Capital Fund Management S.A. now owns 3,332 shares of the basic materials company’s stock worth $266,000 after buying an additional 2,732 shares during the last quarter. Candriam Luxembourg S.C.A. purchased a new position in Franco-Nevada in the fourth quarter worth about $254,000. Ontario Teachers Pension Plan Board purchased a new position in Franco-Nevada in the fourth quarter worth about $553,000. Bank of Nova Scotia Trust Co. raised its holdings in Franco-Nevada by 28.4% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 91,937 shares of the basic materials company’s stock worth $7,351,000 after buying an additional 20,321 shares during the last quarter. Finally, AXA grew its stake in shares of Franco-Nevada by 27.2% in the fourth quarter. AXA now owns 46,519 shares of the basic materials company’s stock worth $3,720,000 after acquiring an additional 9,951 shares during the period. 63.33% of the stock is owned by institutional investors and hedge funds.

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Shares of FNV stock opened at $73.62 on Friday. Franco-Nevada has a 52 week low of $65.44 and a 52 week high of $86.06. The company has a market capitalization of $13,610.98, a PE ratio of 67.74, a P/E/G ratio of 15.63 and a beta of 0.05.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, March 7th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $167.00 million for the quarter, compared to the consensus estimate of $171.99 million. Franco-Nevada had a net margin of 28.84% and a return on equity of 4.38%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. research analysts anticipate that Franco-Nevada will post 1.17 EPS for the current fiscal year.

A number of analysts have recently commented on FNV shares. TD Securities reduced their price target on shares of Franco-Nevada from $96.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, March 9th. Zacks Investment Research lowered shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 12th. Raymond James reduced their price target on shares of Franco-Nevada from $93.00 to $91.00 and set an “outperform” rating for the company in a research note on Friday, March 9th. Credit Suisse Group set a $80.00 price target on shares of Franco-Nevada and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Scotiabank set a $86.00 price target on shares of Franco-Nevada and gave the stock a “hold” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Franco-Nevada has a consensus rating of “Hold” and an average price target of $88.00.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.

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Institutional Ownership by Quarter for Franco-Nevada (NYSE:FNV)