Janus Henderson Group PLC Increases Stake in Franco-Nevada Co. (NYSE:FNV)

Janus Henderson Group PLC boosted its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,835 shares of the basic materials company's stock after purchasing an additional 4,400 shares during the quarter. Janus Henderson Group PLC's holdings in Franco-Nevada were worth $2,918,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. acquired a new position in shares of Franco-Nevada during the fourth quarter valued at about $49,000. Harbour Investments Inc. increased its holdings in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after buying an additional 93 shares during the period. Tower Research Capital LLC TRC increased its holdings in Franco-Nevada by 538.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock worth $71,000 after buying an additional 512 shares during the period. SBI Securities Co. Ltd. acquired a new position in Franco-Nevada in the 4th quarter worth approximately $73,000. Finally, Jones Financial Companies Lllp increased its holdings in Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock worth $73,000 after buying an additional 126 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on FNV shares. BMO Capital Markets started coverage on shares of Franco-Nevada in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. HC Wainwright increased their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, March 26th. UBS Group increased their price target on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 11th. TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a report on Tuesday, March 11th. Finally, Royal Bank of Canada increased their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Franco-Nevada has an average rating of "Moderate Buy" and an average price target of $162.75.

Franco-Nevada Stock Performance

Shares of NYSE:FNV traded up $3.97 during midday trading on Friday, reaching $168.00. 483,799 shares of the company's stock traded hands, compared to its average volume of 725,214. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $178.74. The company has a market cap of $32.35 billion, a P/E ratio of -53.17, a PEG ratio of 9.78 and a beta of 0.45. The company has a fifty day simple moving average of $161.70 and a two-hundred day simple moving average of $140.67.

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, beating 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 for the quarter, compared to analyst estimates of $328.79 million. During the same quarter last year, the firm posted $0.76 EPS. The business's revenue was up 43.5% on a year-over-year basis. As a group, research analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given 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 0.90%. Franco-Nevada's dividend payout ratio (DPR) 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.