Crossmark Global Holdings Inc. Acquires 326 Shares of Franco-Nevada Co. (NYSE:FNV)

Crossmark Global Holdings Inc. boosted its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,387 shares of the basic materials company’s stock after purchasing an additional 326 shares during the period. Crossmark Global Holdings Inc.’s holdings in Franco-Nevada were worth $1,104,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in Franco-Nevada during the 4th quarter valued at about $47,000. Sunbelt Securities Inc. lifted its position in Franco-Nevada by 3,333.3% in the second quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 400 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada during the third quarter valued at approximately $52,000. Erste Asset Management GmbH bought a new position in shares of Franco-Nevada in the third quarter worth approximately $55,000. Finally, Birch Capital Management LLC increased its stake in shares of Franco-Nevada by 37.9% in the fourth quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after buying an additional 298 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Stock Up 0.6 %

Shares of FNV stock opened at $130.18 on Friday. The stock has a market cap of $25.06 billion, a price-to-earnings ratio of -41.20, a PEG ratio of 7.08 and a beta of 0.72. The business’s fifty day moving average is $122.29 and its 200 day moving average is $124.05. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve month high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $275.70 million during the quarter, compared to the consensus estimate of $279.11 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts expect that Franco-Nevada Co. will post 3.18 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. Franco-Nevada’s dividend payout ratio is currently -45.57%.

Analysts Set New Price Targets

A number of research firms have issued reports on FNV. Jefferies Financial Group decreased their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Bank of America cut Franco-Nevada from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. Scotiabank decreased their target price on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Finally, UBS Group started coverage on shares of Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.33.

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.