CWA Asset Management Group LLC Buys 13,051 Shares of Franco-Nevada Corporation (NYSE:FNV)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Franco-Nevada by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock valued at $49,702,000 after acquiring an additional 16,029 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Franco-Nevada by 5.0% in the fourth quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock valued at $113,200,000 after acquiring an additional 45,495 shares during the last quarter. Merit Financial Group LLC bought a new position in Franco-Nevada in the first quarter valued at $333,000. GAMMA Investing LLC bought a new position in Franco-Nevada in the first quarter valued at $1,415,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Franco-Nevada by 113.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock valued at $601,000 after acquiring an additional 2,710 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Down 1.3%

Shares of Franco-Nevada stock traded down $2.23 during trading on Friday, reaching $165.98. 990,373 shares of the stock were exchanged, compared to its average volume of 740,562. The stock's fifty day moving average is $168.08 and its 200 day moving average is $147.55. The firm has a market cap of $31.98 billion, a price-to-earnings ratio of 51.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.42. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $179.99.

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, topping analysts' consensus estimates of $1.00 by $0.07. The company had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. Franco-Nevada's revenue for the quarter was up 43.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Equities analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. Franco-Nevada's dividend payout ratio is currently 47.50%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FNV shares. Scotiabank upped their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. HC Wainwright restated a "buy" rating and set a $195.00 price target (up from $180.00) on shares of Franco-Nevada in a research report on Wednesday, May 28th. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. Finally, Raymond James Financial set a $186.00 price target on shares of Franco-Nevada and gave the company an "outperform" rating in a research report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $169.63.

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.