Hudson Value Partners LLC Purchases 1,790 Shares of Franco-Nevada Co. (NYSE:FNV)

Hudson Value Partners LLC grew its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,279 shares of the basic materials company's stock after purchasing an additional 1,790 shares during the period. Franco-Nevada comprises about 1.4% of Hudson Value Partners LLC's holdings, making the stock its 27th largest position. Hudson Value Partners LLC's holdings in Franco-Nevada were worth $3,796,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its holdings in Franco-Nevada by 29.4% in the third quarter. Barclays PLC now owns 35,828 shares of the basic materials company's stock worth $4,450,000 after buying an additional 8,147 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Franco-Nevada by 2.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 7,528 shares of the basic materials company's stock worth $884,000 after acquiring an additional 203 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Franco-Nevada by 3.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,387 shares of the basic materials company's stock valued at $1,104,000 after buying an additional 326 shares during the last quarter. SG Americas Securities LLC increased its position in Franco-Nevada by 3.3% in the 4th quarter. SG Americas Securities LLC now owns 36,643 shares of the basic materials company's stock worth $4,309,000 after buying an additional 1,168 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Franco-Nevada by 1.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,286 shares of the basic materials company's stock worth $1,680,000 after buying an additional 241 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded down $0.38 during midday trading on Wednesday, hitting $167.86. 231,004 shares of the stock traded hands, compared to its average volume of 724,667. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $178.74. The business has a 50 day moving average price of $162.23 and a two-hundred day moving average price of $141.33. The company has a market cap of $32.32 billion, a PE ratio of -53.11, a P/E/G ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share 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 positive return on equity of 10.55% and a negative net margin of 55.28%. The business's revenue was up 43.5% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. As a group, equities research analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a $0.38 dividend. The ex-dividend date is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. Franco-Nevada's dividend payout ratio is 47.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Raymond James increased their price target on shares of Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research report on Tuesday, March 11th. BMO Capital Markets initiated coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, Scotiabank increased 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $164.63.

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.