BLI Banque de Luxembourg Investments Takes Position in Franco-Nevada Co. (NYSE:FNV)

BLI Banque de Luxembourg Investments purchased a new stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 449,795 shares of the basic materials company's stock, valued at approximately $52,857,000. Franco-Nevada makes up approximately 1.4% of BLI Banque de Luxembourg Investments' portfolio, making the stock its 21st biggest position. BLI Banque de Luxembourg Investments owned about 0.23% of Franco-Nevada as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FNV. Laurel Wealth Advisors LLC purchased a new position in Franco-Nevada in the 4th quarter worth approximately $47,000. Physician Wealth Advisors Inc. purchased a new position in shares of Franco-Nevada in the fourth quarter worth $49,000. Harbour Investments Inc. boosted its position in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after buying an additional 93 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Franco-Nevada by 538.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock worth $71,000 after buying an additional 512 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Franco-Nevada in the 4th quarter worth about $73,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Price Performance

Shares of FNV stock traded up $3.92 on Tuesday, hitting $171.90. 891,787 shares of the stock traded hands, compared to its average volume of 709,885. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74. The firm has a 50 day simple moving average of $157.47 and a two-hundred day simple moving average of $138.15. The firm has a market cap of $33.10 billion, a price-to-earnings ratio of -54.40, a PEG ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. During the same period in the previous year, the business earned $0.90 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. Sell-side analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current year.

Analysts Set New Price Targets

FNV has been the topic of a number of recent analyst reports. BMO Capital Markets assumed coverage on shares of Franco-Nevada in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research note on Tuesday, March 11th. HC Wainwright lifted their price objective on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Scotiabank raised their target price on Franco-Nevada from $150.00 to $165.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, Raymond James upped their price target on shares of Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of "Moderate Buy" and an average price target of $162.25.

About Franco-Nevada

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.