D.A. Davidson & CO. Purchases Shares of 1,683 Franco-Nevada Corporation (NYSE:FNV)

D.A. Davidson & CO. purchased a new position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,683 shares of the basic materials company's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNV. Norges Bank purchased a new position in Franco-Nevada during the 4th quarter valued at approximately $237,643,000. EdgePoint Investment Group Inc. grew its holdings in Franco-Nevada by 49.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock valued at $582,100,000 after buying an additional 1,650,358 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in 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. Capital World Investors grew its holdings in Franco-Nevada by 9.8% during the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after buying an additional 711,591 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new position in Franco-Nevada during the 4th quarter valued at approximately $52,857,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Trading Down 1.0%

Shares of FNV traded down $1.64 during trading hours on Tuesday, hitting $156.86. The company had a trading volume of 514,527 shares, compared to its average volume of 751,381. The company has a market capitalization of $30.22 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 2.19 and a beta of 0.41. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $179.99. The company's fifty day moving average price is $165.94 and its two-hundred day moving average price is $152.31.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The firm had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The business's revenue for the quarter was up 43.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. Analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 0.97%. Franco-Nevada's dividend payout ratio (DPR) is 47.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. UBS Group lifted their target price on Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. BMO Capital Markets reissued an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. Raymond James Financial set a $186.00 price target on Franco-Nevada and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. Finally, Scotiabank raised their price target on Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Franco-Nevada currently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Franco-Nevada Company Profile

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.