USS Investment Management Ltd raised its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 446.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,518 shares of the basic materials company's stock after acquiring an additional 43,718 shares during the quarter. USS Investment Management Ltd's holdings in Franco-Nevada were worth $6,282,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of FNV. Physician Wealth Advisors Inc. acquired a new stake in shares of Franco-Nevada in the 4th quarter worth $49,000. Harbour Investments Inc. raised its stake in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after acquiring an additional 93 shares during the last quarter. Tower Research Capital LLC TRC raised its stake 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 worth $71,000 after acquiring an additional 512 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Franco-Nevada in the 4th quarter worth $73,000. Finally, Jones Financial Companies Lllp raised its stake in Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock worth $73,000 after acquiring an additional 126 shares during the last quarter. Institutional investors own 77.06% of the company's stock.
Franco-Nevada Stock Down 0.4%
Shares of NYSE:FNV traded down $0.62 during trading on Wednesday, reaching $167.62. 199,489 shares of the company's stock traded hands, compared to its average volume of 724,555. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $178.74. The firm has a market cap of $32.28 billion, a PE ratio of -53.04, a P/E/G ratio of 9.78 and a beta of 0.45. The company has a 50-day simple moving average of $162.23 and a 200-day simple moving average of $141.33.
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, beating analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. During the same period last year, the firm earned $0.76 EPS. The company's quarterly revenue was up 43.5% on a year-over-year basis. On average, equities research analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current year.
Franco-Nevada Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research note on Tuesday, March 11th. Scotiabank raised their target price 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. Royal Bank of Canada raised their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. HC Wainwright lifted their price objective on Franco-Nevada from $180.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.63.
View Our Latest Stock Report on FNV
Franco-Nevada Profile
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Free Report)
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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