Integrated Advisors Network LLC Boosts Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Integrated Advisors Network LLC grew its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 123.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,985 shares of the basic materials company's stock after buying an additional 2,750 shares during the period. Integrated Advisors Network LLC's holdings in Franco-Nevada were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Franco-Nevada during the fourth quarter worth about $237,643,000. EdgePoint Investment Group Inc. increased its position in Franco-Nevada by 49.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock worth $582,100,000 after purchasing an additional 1,650,358 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Franco-Nevada by 246.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock valued at $136,796,000 after purchasing an additional 828,166 shares during the last quarter. Capital World Investors boosted its position in Franco-Nevada by 9.8% in the fourth quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after buying an additional 711,591 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of Franco-Nevada by 11,659.0% during the fourth quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock worth $56,762,000 after buying an additional 478,602 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FNV shares. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research note on Tuesday, March 11th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. UBS Group boosted their price objective on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada raised their target price on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Franco-Nevada currently has a consensus rating of "Moderate Buy" and an average price target of $169.63.

Franco-Nevada Trading Up 0.0%

Franco-Nevada stock traded up $0.02 during trading hours on Monday, hitting $171.78. 1,290,454 shares of the stock traded hands, compared to its average volume of 741,747. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $179.99. The firm's 50-day moving average price is $167.13 and its two-hundred day moving average price is $146.45. The company has a market cap of $33.09 billion, a PE ratio of -54.36, a PEG ratio of 9.78 and a beta of 0.42.

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, topping the consensus estimate of $1.00 by $0.07. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same quarter in the previous year, the firm earned $0.76 EPS. Franco-Nevada's quarterly revenue was up 43.5% compared to the same quarter last year. On average, sell-side analysts expect that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders 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 yield of 0.88%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio is 47.50%.

Franco-Nevada Company 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.