Crossmark Global Holdings Inc. Lowers Holdings in Franco-Nevada Co. (NYSE:FNV)

Crossmark Global Holdings Inc. trimmed its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 39.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,061 shares of the basic materials company’s stock after selling 5,866 shares during the period. Crossmark Global Holdings Inc.’s holdings in Franco-Nevada were worth $1,126,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FNV. Headlands Technologies LLC acquired a new position in Franco-Nevada during the first quarter worth $62,000. Avantax Advisory Services Inc. acquired a new position in Franco-Nevada during the first quarter worth $1,132,000. Bleakley Financial Group LLC lifted its stake in Franco-Nevada by 6.5% during the first quarter. Bleakley Financial Group LLC now owns 2,017 shares of the basic materials company’s stock worth $240,000 after purchasing an additional 123 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Franco-Nevada by 116.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,628 shares of the basic materials company’s stock worth $1,028,000 after purchasing an additional 4,637 shares in the last quarter. Finally, M&G Plc acquired a new position in Franco-Nevada during the first quarter worth $219,971,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FNV has been the topic of a number of research reports. Scotiabank decreased their price target on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group reduced their price objective on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. StockNews.com upgraded Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.57.

Franco-Nevada Price Performance

Franco-Nevada stock opened at $115.22 on Friday. Franco-Nevada Co. has a 1-year low of $102.29 and a 1-year high of $137.60. The stock has a market cap of $22.18 billion, a PE ratio of -36.46, a P/E/G ratio of 19.40 and a beta of 0.75. The stock’s fifty day moving average is $126.29 and its two-hundred day moving average is $123.98.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. On average, research analysts expect that Franco-Nevada Co. will post 3.22 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 5th. Franco-Nevada’s dividend payout ratio is presently -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.