Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Invests $641,000 in Franco-Nevada Co. (NYSE:FNV)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,450 shares of the basic materials company's stock, valued at approximately $641,000. Franco-Nevada accounts for 1.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in FNV. Physician Wealth Advisors Inc. purchased a new stake in shares of Franco-Nevada during the 4th quarter worth approximately $49,000. Harbour Investments Inc. boosted its position in shares of Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares during the period. Tower Research Capital LLC TRC grew its stake in Franco-Nevada by 538.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock worth $71,000 after buying an additional 512 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Franco-Nevada during the 4th quarter worth approximately $73,000. Finally, Jones Financial Companies Lllp lifted its stake in Franco-Nevada by 25.6% in the fourth quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock valued at $73,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Stock Performance

NYSE:FNV traded up $0.60 during trading hours on Thursday, hitting $169.10. 141,941 shares of the company's stock traded hands, compared to its average volume of 724,155. The stock's fifty day moving average price is $162.48 and its two-hundred day moving average price is $141.52. The firm has a market cap of $32.56 billion, a P/E ratio of -53.50, a P/E/G ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $178.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $368.40 million during the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company's revenue was up 43.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. On average, equities research analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current 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 dividend of $0.38 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. Franco-Nevada's payout ratio is 47.50%.

Wall Street Analyst Weigh In

Several research firms have commented on FNV. BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday. Wall Street Zen raised Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Royal Bank of Canada increased their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. Scotiabank raised their target price on Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Raymond James set a $186.00 price target on Franco-Nevada and gave the stock an "outperform" rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.25.

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.