Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New Investment in Franco-Nevada Co. (NYSE:FNV)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,450 shares of the basic materials company's stock, valued at approximately $641,000. Franco-Nevada comprises about 1.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 10th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its stake in Franco-Nevada by 29.4% in the third quarter. Barclays PLC now owns 35,828 shares of the basic materials company's stock valued at $4,450,000 after acquiring an additional 8,147 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Franco-Nevada by 2.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 7,528 shares of the basic materials company's stock valued at $884,000 after purchasing an additional 203 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Franco-Nevada by 3.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,387 shares of the basic materials company's stock valued at $1,104,000 after purchasing an additional 326 shares during the period. SG Americas Securities LLC lifted its stake in Franco-Nevada by 3.3% in the 4th quarter. SG Americas Securities LLC now owns 36,643 shares of the basic materials company's stock valued at $4,309,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Franco-Nevada by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,286 shares of the basic materials company's stock valued at $1,680,000 after purchasing an additional 241 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

FNV has been the topic of a number of recent analyst reports. HC Wainwright boosted their price target on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. UBS Group raised their price target on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada has an average rating of "Moderate Buy" and a consensus price target of $162.75.

Franco-Nevada Stock Up 0.2%

Shares of Franco-Nevada stock traded up $0.38 during trading on Tuesday, reaching $168.24. The company's stock had a trading volume of 744,495 shares, compared to its average volume of 726,617. The business's 50-day moving average price is $161.97 and its 200-day moving average price is $141.14. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74. The firm has a market cap of $32.40 billion, a PE ratio of -53.24, a P/E/G 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, topping the consensus estimate of $1.00 by $0.07. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $368.40 million during the quarter, compared to analysts' expectations of $328.79 million. During the same quarter in the previous year, the company earned $0.76 EPS. The business's revenue was up 43.5% on a year-over-year basis. Equities analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current 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 0.90%. Franco-Nevada's dividend payout ratio 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.