CWA Asset Management Group LLC Increases Stock Holdings in Franco-Nevada Corporation (NYSE:FNV)

CWA Asset Management Group LLC grew its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,719 shares of the basic materials company's stock after acquiring an additional 13,051 shares during the period. Franco-Nevada accounts for 1.2% of CWA Asset Management Group LLC's portfolio, making the stock its 12th largest holding. CWA Asset Management Group LLC owned 0.08% of Franco-Nevada worth $25,480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FNV. CX Institutional bought a new position in shares of Franco-Nevada during the 1st quarter valued at approximately $30,000. Nexus Investment Management ULC purchased a new position in Franco-Nevada during the first quarter valued at approximately $35,000. Versant Capital Management Inc bought a new position in shares of Franco-Nevada in the first quarter worth approximately $55,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Franco-Nevada in the fourth quarter worth $49,000. Finally, Harbour Investments Inc. increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on FNV shares. Scotiabank upped 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. BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. HC Wainwright reissued a "buy" rating and set a $195.00 target price (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Finally, UBS Group increased their price objective on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Franco-Nevada has a consensus rating of "Moderate Buy" and a consensus price target of $169.63.

Franco-Nevada Price Performance

Shares of NYSE FNV traded down $2.23 during midday trading on Friday, reaching $165.98. 990,373 shares of the stock traded hands, compared to its average volume of 744,228. The company's 50 day moving average is $168.08 and its 200 day moving average is $147.38. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $179.99. The stock has a market capitalization of $31.98 billion, a PE ratio of 51.87, a P/E/G ratio of 2.37 and a beta of 0.42.

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. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The company had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Franco-Nevada's revenue was up 43.5% on a year-over-year basis. As a group, equities analysts forecast that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, June 12th. 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.