Annex Advisory Services LLC Raises Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Annex Advisory Services LLC raised its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 14.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,106 shares of the basic materials company's stock after acquiring an additional 23,702 shares during the period. Annex Advisory Services LLC owned about 0.10% of Franco-Nevada worth $28,850,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nexus Investment Management ULC bought a new position in shares of Franco-Nevada in the first quarter worth approximately $35,000. Physician Wealth Advisors Inc. bought a new position in shares of Franco-Nevada in the fourth quarter worth approximately $49,000. Harbour Investments Inc. grew its holdings in shares of Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after purchasing an additional 93 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Franco-Nevada in the first quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Franco-Nevada by 538.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock worth $71,000 after purchasing an additional 512 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Trading Down 2.5%

Franco-Nevada stock traded down $4.51 on Thursday, hitting $172.56. 1,040,910 shares of the stock traded hands, compared to its average volume of 732,297. The business's fifty day simple moving average is $164.63 and its 200 day simple moving average is $143.92. The firm has a market cap of $33.23 billion, a P/E ratio of -54.61, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $181.27.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (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 positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada's quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is 47.50%.

Analyst Upgrades and Downgrades

FNV has been the topic of several recent analyst reports. Scotiabank raised their target price 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. UBS Group raised their target price on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada raised their price target on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research note on Wednesday. HC Wainwright reaffirmed a "buy" rating and issued a $195.00 price target (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada has a consensus rating of "Moderate Buy" and an average price target of $169.63.

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.