SG Americas Securities LLC Has $8.02 Million Stake in Franco-Nevada Co. (NYSE:FNV)

SG Americas Securities LLC boosted its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 38.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of FNV. Essex Financial Services Inc. raised its stake in Franco-Nevada by 2.2% in the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock worth $458,000 after buying an additional 84 shares in the last quarter. Beacon Financial Group increased its stake in Franco-Nevada by 4.0% during the 4th quarter. Beacon Financial Group now owns 5,150 shares of the basic materials company's stock valued at $606,000 after purchasing an additional 200 shares in the last quarter. Schwartz Investment Counsel Inc. raised its stake in Franco-Nevada by 12.2% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 119,200 shares of the basic materials company's stock worth $14,017,000 after acquiring an additional 13,000 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Franco-Nevada by 9,594.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 96,948 shares of the basic materials company's stock worth $11,400,000 after purchasing an additional 95,948 shares during the period. Finally, Van ECK Associates Corp lifted its stake in Franco-Nevada by 2.3% during the 4th quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company's stock valued at $1,004,046,000 after acquiring an additional 193,968 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded up $2.61 during midday trading on Thursday, reaching $167.61. 753,037 shares of the company's stock were exchanged, compared to its average volume of 738,451. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $182.28. The business's fifty day moving average price is $165.54 and its two-hundred day moving average price is $145.12. The stock has a market capitalization of $32.29 billion, a PE ratio of -53.04, 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 results 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. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $368.40 million during the quarter, compared to the consensus estimate of $328.79 million. During the same period in the previous year, the business earned $0.76 EPS. The business's quarterly revenue was up 43.5% on a year-over-year basis. Analysts predict 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. Investors of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio is currently 47.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FNV shares. TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. 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 note on Monday, April 7th. Scotiabank boosted their target price on shares of Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. HC Wainwright reiterated a "buy" rating and set a $195.00 price target (up from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Finally, National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $169.63.

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.