1,683 Shares in Franco-Nevada Corporation (NYSE:FNV) Bought by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,683 shares of the basic materials company's stock, valued at approximately $265,000.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Franco-Nevada in the fourth quarter valued at about $237,643,000. EdgePoint Investment Group Inc. raised its holdings in shares of Franco-Nevada by 49.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock valued at $582,100,000 after purchasing an additional 1,650,358 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Franco-Nevada by 246.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock valued at $136,796,000 after purchasing an additional 828,166 shares during the last quarter. Capital World Investors raised its holdings in shares of Franco-Nevada by 9.8% in the fourth quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after purchasing an additional 711,591 shares during the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new stake in shares of Franco-Nevada in the fourth quarter valued at about $52,857,000. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Up 0.4%

Shares of FNV opened at $159.58 on Friday. The company has a market capitalization of $30.74 billion, a P/E ratio of 49.87, a price-to-earnings-growth ratio of 2.18 and a beta of 0.41. The firm has a 50 day moving average of $165.94 and a 200 day moving average of $151.85. Franco-Nevada Corporation has a twelve month low of $112.70 and a twelve month high of $179.99.

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

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, June 12th. Franco-Nevada's payout ratio is currently 47.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FNV. UBS Group increased their target price on shares of Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Raymond James Financial set a $186.00 price objective on shares of Franco-Nevada and gave the stock an "outperform" rating in a report on Wednesday, May 28th. Scotiabank raised their price objective on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Franco-Nevada presently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Franco-Nevada 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.

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