Montrusco Bolton Investments Inc. Buys 4,098 Shares of Franco-Nevada Corporation (NYSE:FNV)

Montrusco Bolton Investments Inc. increased its position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,587 shares of the basic materials company's stock after purchasing an additional 4,098 shares during the quarter. Montrusco Bolton Investments Inc. owned approximately 0.08% of Franco-Nevada worth $23,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position in Franco-Nevada by 10.3% in the first quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company's stock worth $108,000 after purchasing an additional 64 shares during the period. Confluence Investment Management LLC raised its stake in Franco-Nevada by 1.5% during the first quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company's stock worth $926,000 after acquiring an additional 84 shares in the last quarter. Harbour Investments Inc. raised its stake in Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after acquiring an additional 93 shares in the last quarter. CoreCommodity Management LLC raised its stake in Franco-Nevada by 2.9% during the fourth quarter. CoreCommodity Management LLC now owns 3,869 shares of the basic materials company's stock worth $455,000 after acquiring an additional 108 shares in the last quarter. Finally, Trust Co. of Vermont raised its stake in Franco-Nevada by 10.0% during the first quarter. Trust Co. of Vermont now owns 1,265 shares of the basic materials company's stock worth $199,000 after acquiring an additional 115 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on FNV shares. Royal Bank Of Canada increased their price objective on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Scotiabank increased their price objective 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. CIBC reiterated an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday. Finally, Raymond James Financial set a $186.00 target price on Franco-Nevada and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $172.13.

Franco-Nevada Trading Down 0.1%

Franco-Nevada stock traded down $0.18 during mid-day trading on Friday, hitting $154.40. The stock had a trading volume of 450,316 shares, compared to its average volume of 750,161. The stock has a 50-day simple moving average of $164.95 and a two-hundred day simple moving average of $152.90. The stock has a market capitalization of $29.75 billion, a PE ratio of 48.25, a P/E/G ratio of 2.14 and a beta of 0.41. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $179.99.

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, beating the consensus estimate of $1.00 by $0.07. The business had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The firm's quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. Sell-side analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, June 12th. Franco-Nevada's dividend payout ratio is 47.50%.

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.