Huntington National Bank trimmed its stake in shares of Franco-Nevada Co. (NYSE:FNV – Free Report) (TSE:FNV) by 6.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,384 shares of the basic materials company’s stock after selling 100 shares during the quarter. Huntington National Bank’s holdings in Franco-Nevada were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its holdings in Franco-Nevada by 0.4% during the third quarter. HighTower Advisors LLC now owns 115,356 shares of the basic materials company’s stock valued at $15,367,000 after purchasing an additional 476 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in shares of Franco-Nevada by 270.4% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 405,712 shares of the basic materials company’s stock worth $54,414,000 after acquiring an additional 296,169 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Franco-Nevada by 47.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,755 shares of the basic materials company’s stock worth $368,000 after acquiring an additional 888 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Franco-Nevada during the 3rd quarter worth approximately $228,000. Finally, Gabelli Funds LLC grew its position in Franco-Nevada by 75.5% during the 3rd quarter. Gabelli Funds LLC now owns 472,460 shares of the basic materials company’s stock worth $63,189,000 after acquiring an additional 203,300 shares during the last quarter. 66.70% of the stock is owned by institutional investors and hedge funds.
Franco-Nevada Stock Performance
NYSE:FNV opened at $108.84 on Monday. The stock’s fifty day moving average price is $109.06 and its two-hundred day moving average price is $124.94. Franco-Nevada Co. has a 52-week low of $102.29 and a 52-week high of $161.25. The company has a market cap of $20.92 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 5.20 and a beta of 0.71.
Franco-Nevada Increases Dividend
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Raymond James decreased their price target on Franco-Nevada from $148.00 to $141.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. TD Securities decreased their price target on Franco-Nevada from $135.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, November 30th. BMO Capital Markets decreased their price target on Franco-Nevada from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 21st. Scotiabank decreased their price target on Franco-Nevada from $159.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 14th. Finally, Royal Bank of Canada decreased their price target on Franco-Nevada from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $152.75.
Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, 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.
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