Dimensional Fund Advisors LP Raises Position in Franco-Nevada Co. (NYSE:FNV)

Dimensional Fund Advisors LP boosted its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,478 shares of the basic materials company's stock after purchasing an additional 38,585 shares during the quarter. Dimensional Fund Advisors LP owned about 0.13% of Franco-Nevada worth $28,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FNV. Norges Bank purchased a new stake in Franco-Nevada in the 4th quarter worth approximately $237,643,000. Arrowstreet Capital Limited Partnership raised its position in shares of Franco-Nevada by 246.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock valued at $136,796,000 after buying an additional 828,166 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Franco-Nevada by 11,659.0% during the 4th quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock valued at $56,762,000 after buying an additional 478,602 shares in the last quarter. Bennbridge Ltd purchased a new stake in shares of Franco-Nevada during the 4th quarter valued at $45,877,000. Finally, First Trust Advisors LP raised its position in shares of Franco-Nevada by 1,024.9% during the 4th quarter. First Trust Advisors LP now owns 368,342 shares of the basic materials company's stock valued at $43,313,000 after buying an additional 335,598 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FNV. UBS Group raised their price objective on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 11th. HC Wainwright raised their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Royal Bank of Canada raised their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. Finally, Raymond James increased their target price on shares of Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Franco-Nevada has an average rating of "Moderate Buy" and a consensus price target of $162.25.

Franco-Nevada Trading Up 2.1%

Shares of FNV stock traded up $3.41 during mid-day trading on Friday, reaching $168.66. The stock had a trading volume of 1,012,429 shares, compared to its average volume of 714,789. The stock's 50-day moving average price is $159.01 and its two-hundred day moving average price is $138.87. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $178.74. The firm has a market capitalization of $32.48 billion, a PE ratio of -53.37, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company's revenue for the quarter was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. On average, equities research analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's payout ratio is 47.50%.

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.