Franco-Nevada Co. (NYSE:FNV) Shares Sold by SG Americas Securities LLC

Posted by on Apr 24th, 2023

SG Americas Securities LLC lowered its holdings in shares of Franco-Nevada Co. (NYSE:FNV – Get Rating) (TSE:FNV) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,998 shares of the basic materials company’s stock after selling 1,638 shares during the period. SG Americas Securities LLC’s holdings in Franco-Nevada were worth $2,593,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Principle Wealth Partners LLC acquired a new stake in Franco-Nevada during the 4th quarter worth $585,000. Cypress Capital Management LLC WY boosted its stake in Franco-Nevada by 24.1% during the 4th quarter. Cypress Capital Management LLC WY now owns 23,203 shares of the basic materials company’s stock worth $3,167,000 after purchasing an additional 4,510 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Franco-Nevada by 7.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,767 shares of the basic materials company’s stock worth $9,095,000 after purchasing an additional 4,649 shares during the period. Pembroke Management LTD raised its position in Franco-Nevada by 22.3% during the 4th quarter. Pembroke Management LTD now owns 3,745 shares of the basic materials company’s stock worth $691,000 after buying an additional 682 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Franco-Nevada by 26.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 101,602 shares of the basic materials company’s stock worth $13,911,000 after acquiring an additional 21,130 shares during the period. Institutional investors and hedge funds own 66.69% of the company’s stock.

Franco-Nevada Trading Down 0.4 %

Shares of FNV opened at $152.30 on Monday. The stock has a market cap of $29.22 billion, a P/E ratio of 41.73, a PEG ratio of 11.59 and a beta of 0.71. The company has a 50-day moving average of $141.43 and a two-hundred day moving average of $138.01. Franco-Nevada Co. has a 12-month low of $109.70 and a 12-month high of $162.63.

Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV) last announced its earnings results on Wednesday, March 15th. The basic materials company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $320.40 million during the quarter, compared to analysts’ expectations of $307.88 million. Franco-Nevada had a net margin of 53.25% and a return on equity of 11.12%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. As a group, analysts forecast that Franco-Nevada Co. will post 3.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. HC Wainwright restated a “buy” rating and issued a $145.00 target price on shares of Franco-Nevada in a research note on Friday, March 17th. Barclays raised their target price on shares of Franco-Nevada from $115.00 to $127.00 in a research note on Friday. StockNews.com assumed coverage on shares of Franco-Nevada in a research note on Thursday, March 16th. They issued a “hold” rating for the company. CIBC raised their price objective on shares of Franco-Nevada from C$230.00 to C$240.00 in a research note on Tuesday, February 7th. Finally, National Bank Financial raised their price objective on shares of Franco-Nevada from C$190.00 to C$200.00 in a research note on Friday, January 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $169.00.

About Franco-Nevada

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Franco-Nevada Corp. engages in the management of gold-focused royalties and streams portfolio. It provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. The company was founded in 1983 and is headquartered in Toronto, Canada.

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

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