Schwartz Investment Counsel Inc. Acquires 5,000 Shares of Franco-Nevada Corporation (NYSE:FNV)

Schwartz Investment Counsel Inc. grew its stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 4.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 124,200 shares of the basic materials company's stock after purchasing an additional 5,000 shares during the period. Schwartz Investment Counsel Inc. owned about 0.06% of Franco-Nevada worth $19,569,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of FNV. Norges Bank bought a new position in shares of Franco-Nevada in the fourth quarter valued at approximately $237,643,000. EdgePoint Investment Group Inc. boosted its position in Franco-Nevada by 49.9% in the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership grew 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 period. Capital World Investors increased its position in shares of Franco-Nevada by 9.8% during the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after purchasing an additional 711,591 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Franco-Nevada by 11,659.0% during the 4th quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock worth $56,762,000 after purchasing an additional 478,602 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FNV. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. Royal Bank Of Canada raised their price target on shares of Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Finally, UBS Group increased their price objective on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $169.63.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock traded down $0.56 during trading hours on Tuesday, reaching $163.36. The company had a trading volume of 492,824 shares, compared to its average volume of 743,616. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $179.99. The firm has a market cap of $31.47 billion, a PE ratio of 51.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.42. The business has a fifty day simple moving average of $167.26 and a 200 day simple moving average of $149.51.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The firm had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. During the same period in the prior year, the business posted $0.76 earnings per share. The company's revenue was up 43.5% on a year-over-year basis. On average, research analysts forecast that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is presently 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.