Integrated Advisors Network LLC Has $785,000 Holdings in Franco-Nevada Co. (NYSE:FNV)

Integrated Advisors Network LLC raised its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 123.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FNV. Essex Financial Services Inc. lifted its stake in Franco-Nevada by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock worth $458,000 after purchasing an additional 84 shares during the last quarter. Beacon Financial Group lifted its position in shares of Franco-Nevada by 4.0% during the 4th quarter. Beacon Financial Group now owns 5,150 shares of the basic materials company's stock worth $606,000 after buying an additional 200 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Franco-Nevada by 9,594.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 96,948 shares of the basic materials company's stock valued at $11,400,000 after buying an additional 95,948 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Franco-Nevada by 2.3% in the 4th quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company's stock valued at $1,004,046,000 after buying an additional 193,968 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in Franco-Nevada by 290.5% during the 4th quarter. Principal Securities Inc. now owns 863 shares of the basic materials company's stock worth $101,000 after acquiring an additional 642 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded up $3.97 during mid-day trading on Friday, reaching $171.74. The company had a trading volume of 1,090,157 shares, compared to its average volume of 740,289. The company has a market capitalization of $33.09 billion, a price-to-earnings ratio of -54.35, a PEG ratio of 9.78 and a beta of 0.42. The stock has a fifty day moving average of $165.98 and a two-hundred day moving average of $145.45. Franco-Nevada Co. 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 announced its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $328.79 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company's revenue was up 43.5% on a year-over-year basis. Sell-side analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently disclosed 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. This represents a $1.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's payout ratio is presently 47.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FNV shares. Royal Bank of Canada upped their price objective on shares of Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Wall Street Zen raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. Scotiabank boosted their price target 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. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.