Franco-Nevada Co. (NYSE:FNV) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 38.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,906 shares of the basic materials company's stock after purchasing an additional 14,263 shares during the period. SG Americas Securities LLC's holdings in Franco-Nevada were worth $8,021,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in 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 worth $49,702,000 after acquiring an additional 16,029 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Franco-Nevada by 5.0% in the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock worth $113,200,000 after acquiring an additional 45,495 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Franco-Nevada by 113.0% in the 4th 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. purchased a new stake in shares of Franco-Nevada in the 4th quarter worth approximately $12,280,000. Finally, Annex Advisory Services LLC lifted its position in shares of Franco-Nevada by 14.9% in the 1st quarter. Annex Advisory Services LLC now owns 183,106 shares of the basic materials company's stock worth $28,850,000 after purchasing an additional 23,702 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FNV shares. Raymond James set a $186.00 price target on shares of Franco-Nevada and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. TD Securities cut shares of 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. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. Finally, Scotiabank increased their target price on shares of Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Franco-Nevada currently has an average rating of "Moderate Buy" and a consensus target price of $169.63.

Franco-Nevada Trading Up 2.4%

Shares of FNV stock traded up $3.97 during trading hours on Friday, hitting $171.74. The company's stock had a trading volume of 1,090,157 shares, compared to its average volume of 739,544. The company has a 50 day moving average of $166.56 and a 200 day moving average of $146.11. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $179.99. The stock has a market cap of $33.09 billion, a PE ratio of -54.35, 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 issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating 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 company's revenue for the quarter was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. As a group, analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business 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 $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 0.89%. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

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.