USS Investment Management Ltd Increases Stock Position in Franco-Nevada Co. (NYSE:FNV)

USS Investment Management Ltd boosted its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 446.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,518 shares of the basic materials company's stock after acquiring an additional 43,718 shares during the period. USS Investment Management Ltd's holdings in Franco-Nevada were worth $6,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FNV. Physician Wealth Advisors Inc. bought a new stake in shares of Franco-Nevada in the 4th quarter valued at $49,000. Harbour Investments Inc. grew its holdings in Franco-Nevada by 25.8% during 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 period. Tower Research Capital LLC TRC grew its holdings in Franco-Nevada by 538.9% during 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 period. SBI Securities Co. Ltd. bought a new position in shares of Franco-Nevada in the 4th quarter worth about $73,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock valued at $73,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analyst Weigh In

FNV has been the subject of several recent analyst reports. TD Securities cut 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. Royal Bank of Canada increased their price target 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 raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. BMO Capital Markets began coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, HC Wainwright raised their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $162.75.

Franco-Nevada Price Performance

Shares of NYSE FNV traded up $0.30 during mid-day trading on Tuesday, reaching $168.16. 461,110 shares of the company's stock traded hands, compared to its average volume of 870,719. The business has a 50-day simple moving average of $161.97 and a 200 day simple moving average of $141.14. The stock has a market cap of $32.38 billion, a P/E ratio of -53.22, a PEG 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 $178.74.

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 earnings per share (EPS) for the quarter, beating 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 positive return on equity of 10.55% and a negative net margin of 55.28%. The company's quarterly revenue was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. Equities research analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. Franco-Nevada's payout ratio is 47.50%.

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.