Tectonic Advisors LLC Sells 235 Shares of Franco-Nevada Corporation $FNV

Tectonic Advisors LLC trimmed its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,050 shares of the basic materials company’s stock after selling 235 shares during the period. Tectonic Advisors LLC’s holdings in Franco-Nevada were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Shell Asset Management Co. boosted its holdings in shares of Franco-Nevada by 14.2% in the second quarter. Shell Asset Management Co. now owns 18,191 shares of the basic materials company’s stock worth $2,980,000 after acquiring an additional 2,268 shares during the period. Euro Pacific Asset Management LLC boosted its holdings in shares of Franco-Nevada by 0.8% in the second quarter. Euro Pacific Asset Management LLC now owns 228,628 shares of the basic materials company’s stock worth $37,455,000 after acquiring an additional 1,856 shares during the period. Autumn Glory Partners LLC boosted its holdings in shares of Franco-Nevada by 1,200.0% in the second quarter. Autumn Glory Partners LLC now owns 26,000 shares of the basic materials company’s stock worth $4,262,000 after acquiring an additional 24,000 shares during the period. 111 Capital boosted its holdings in shares of Franco-Nevada by 65.5% in the second quarter. 111 Capital now owns 11,388 shares of the basic materials company’s stock worth $1,871,000 after acquiring an additional 4,507 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of Franco-Nevada in the second quarter worth $1,748,000. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Performance

Shares of FNV stock opened at $203.61 on Friday. Franco-Nevada Corporation has a 52-week low of $112.70 and a 52-week high of $225.63. The company has a market capitalization of $39.24 billion, a PE ratio of 50.03, a price-to-earnings-growth ratio of 2.81 and a beta of 0.42. The business’s fifty day moving average is $194.42 and its 200 day moving average is $174.13.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The business had revenue of $369.40 million for the quarter, compared to the consensus estimate of $382.70 million. During the same quarter last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, sell-side analysts forecast that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is presently 37.35%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FNV shares. Wall Street Zen lowered Franco-Nevada from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. TD Securities raised their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a “hold” rating in a report on Tuesday, August 12th. UBS Group raised their price target on Franco-Nevada from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Weiss Ratings downgraded Franco-Nevada from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Zacks Research downgraded Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $194.57.

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.