14,300 Shares in Franco-Nevada Co. (NYSE:FNV) Purchased by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI bought a new position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,300 shares of the basic materials company's stock, valued at approximately $1,679,000.

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

Analysts Set New Price Targets

FNV has been the topic of several analyst reports. Raymond James upped their price target on shares of Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a report on Friday, April 4th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Royal Bank of Canada increased their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets started coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Franco-Nevada presently has a consensus rating of "Moderate Buy" and an average target price of $162.75.

Franco-Nevada Stock Performance

NYSE FNV traded up $3.97 on Friday, reaching $168.00. 483,799 shares of the company's stock traded hands, compared to its average volume of 725,214. The firm has a market cap of $32.35 billion, a price-to-earnings ratio of -53.17, a P/E/G ratio of 9.78 and a beta of 0.45. The stock has a 50 day moving average price of $161.70 and a 200-day moving average price of $140.67. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $178.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data 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 negative net margin of 55.28% and a positive return on equity of 10.55%. The company 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 earnings per share. The firm's revenue for the quarter was up 43.5% on a year-over-year basis. As a group, equities research analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. Franco-Nevada's dividend payout ratio is currently 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.