Adalta Capital Management LLC Raises Stake in Franco-Nevada Co. (NYSE:FNV)

Adalta Capital Management LLC grew its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 25.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,216 shares of the basic materials company's stock after purchasing an additional 2,677 shares during the quarter. Franco-Nevada accounts for about 0.8% of Adalta Capital Management LLC's holdings, making the stock its 26th biggest holding. Adalta Capital Management LLC's holdings in Franco-Nevada were worth $1,554,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Physician Wealth Advisors Inc. purchased a new stake in Franco-Nevada during the fourth quarter worth approximately $49,000. Harbour Investments Inc. grew its stake in shares of Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 valued at $71,000 after buying an additional 512 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Franco-Nevada in the fourth quarter valued at about $73,000. Finally, Jones Financial Companies Lllp raised its holdings in Franco-Nevada by 25.6% during the fourth quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock worth $73,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Trading Up 2.4%

Shares of FNV stock traded up $3.97 during mid-day trading on Monday, reaching $168.00. The stock had a trading volume of 483,799 shares, compared to its average volume of 726,544. The company has a market cap of $32.35 billion, a P/E ratio of -53.17, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $178.74. The business has a 50-day simple moving average of $161.70 and a 200 day simple moving average of $140.83.

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 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. The firm had revenue of $368.40 million during the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm's revenue for the quarter was up 43.5% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. Research analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. Franco-Nevada's dividend payout ratio (DPR) is 47.50%.

Analysts Set New Price Targets

Several equities analysts have issued reports on FNV shares. TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. Royal Bank of Canada upped their price objective on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. UBS Group boosted their target price on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, Scotiabank increased their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.75.

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.