Point72 Asset Management L.P. Has $5.86 Million Holdings in Franco-Nevada Co. (NYSE:FNV)

Point72 Asset Management L.P. boosted its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 114.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,806 shares of the basic materials company's stock after acquiring an additional 26,557 shares during the quarter. Point72 Asset Management L.P.'s holdings in Franco-Nevada were worth $5,857,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FNV. Quadcap Wealth Management LLC lifted its holdings in shares of Franco-Nevada by 4.0% during the 4th quarter. Quadcap Wealth Management LLC now owns 3,184 shares of the basic materials company's stock valued at $374,000 after buying an additional 121 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Franco-Nevada by 1.1% during the 4th quarter. Quantinno Capital Management LP now owns 23,483 shares of the basic materials company's stock valued at $2,761,000 after buying an additional 250 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Franco-Nevada by 21.5% during the 4th quarter. Janus Henderson Group PLC now owns 24,835 shares of the basic materials company's stock valued at $2,918,000 after buying an additional 4,400 shares during the last quarter. GeoSphere Capital Management LLC acquired a new stake in shares of Franco-Nevada during the 4th quarter valued at about $2,352,000. Finally, Greenline Partners LLC lifted its holdings in shares of Franco-Nevada by 44.5% during the 4th quarter. Greenline Partners LLC now owns 4,879 shares of the basic materials company's stock valued at $574,000 after buying an additional 1,502 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Stock Performance

Shares of FNV stock opened at $162.01 on Tuesday. The stock's 50 day simple moving average is $160.70 and its 200 day simple moving average is $139.86. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $178.74. The company has a market capitalization of $31.20 billion, a price-to-earnings ratio of -51.27, a PEG 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 analysts' consensus estimates of $1.00 by $0.07. The business had revenue of $368.40 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. On average, analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, June 12th. Franco-Nevada's dividend payout ratio is currently 47.50%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FNV. 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 report on Tuesday, March 11th. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. Raymond James lifted their price target on Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada lifted their price target on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets began coverage on Franco-Nevada in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Franco-Nevada presently has an average rating of "Moderate Buy" and a consensus price target of $162.75.

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.

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