NBC Securities Inc. Purchases 3,643 Shares of Franco-Nevada Co. (NYSE:FNV)

NBC Securities Inc. grew its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 121,433.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,646 shares of the basic materials company's stock after purchasing an additional 3,643 shares during the quarter. NBC Securities Inc.'s holdings in Franco-Nevada were worth $574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Franco-Nevada by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock valued at $49,702,000 after acquiring an additional 16,029 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Franco-Nevada by 5.0% in the fourth quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock valued at $113,200,000 after buying an additional 45,495 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Franco-Nevada by 113.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock worth $601,000 after acquiring an additional 2,710 shares in the last quarter. Raymond James Financial Inc. bought a new position in Franco-Nevada in the 4th quarter valued at about $12,280,000. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Franco-Nevada by 5.6% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 988,033 shares of the basic materials company's stock worth $116,183,000 after purchasing an additional 52,199 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a research report on Tuesday, March 11th. Raymond James set a $186.00 price target on shares of Franco-Nevada and gave the company an "outperform" rating in a research report on Wednesday, May 28th. Royal Bank of Canada increased 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. Scotiabank lifted their target price on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, UBS Group increased their price target on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 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 data from MarketBeat.com, Franco-Nevada currently has an average rating of "Moderate Buy" and a consensus price target of $169.63.

Franco-Nevada Stock Performance

NYSE FNV traded down $5.35 on Friday, hitting $167.14. The stock had a trading volume of 1,104,750 shares, compared to its average volume of 733,781. The firm has a 50-day moving average of $164.63 and a 200-day moving average of $143.92. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $179.99. The company has a market capitalization of $32.18 billion, a price-to-earnings ratio of -52.89, a price-to-earnings-growth ratio of 9.78 and a beta of 0.42.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The business had revenue of $368.40 million during 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 firm's revenue was up 43.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, research analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 0.91%. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

Franco-Nevada 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.