Quadrant Capital Group LLC lifted its holdings in shares of Franco-Nevada Co. (NYSE:FNV – Get Rating) (TSE:FNV) by 21.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 964 shares of the basic materials company’s stock after buying an additional 168 shares during the period. Quadrant Capital Group LLC’s holdings in Franco-Nevada were worth $154,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. CWM LLC acquired a new position in shares of Franco-Nevada during the 4th quarter worth approximately $25,000. Prospera Financial Services Inc purchased a new stake in shares of Franco-Nevada during the first quarter worth approximately $42,000. UMB Bank N A MO purchased a new stake in shares of Franco-Nevada during the fourth quarter worth approximately $68,000. James Investment Research Inc. purchased a new stake in shares of Franco-Nevada during the first quarter worth approximately $75,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Franco-Nevada by 1,812.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 478 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 453 shares in the last quarter. 75.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. HC Wainwright dropped their price target on Franco-Nevada from $180.00 to $144.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Raymond James set a $190.00 price target on Franco-Nevada and gave the stock an “outperform” rating in a research report on Friday, May 6th. Barclays cut Franco-Nevada from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $130.00 to $112.00 in a report on Tuesday, July 19th. Stifel Nicolaus upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Wednesday, July 20th. Finally, KeyCorp dropped their target price on Franco-Nevada from $180.00 to $143.00 and set an “overweight” rating for the company in a report on Monday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $172.00.
Franco-Nevada Trading Down 0.7 %
Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV) last released its quarterly earnings results on Wednesday, May 4th. The basic materials company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). The business had revenue of $338.80 million for the quarter, compared to analysts’ expectations of $335.27 million. Franco-Nevada had a return on equity of 11.55% and a net margin of 55.96%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. Research analysts predict that Franco-Nevada Co. will post 3.57 EPS for the current year.
Franco-Nevada Company Profile
Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.
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