FORA Capital LLC Takes $233,000 Position in Franco-Nevada Co. (NYSE:FNV)

FORA Capital LLC bought a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,980 shares of the basic materials company's stock, valued at approximately $233,000.

A number of other large investors have also bought and sold shares of FNV. Laurel Wealth Advisors LLC bought a new stake in Franco-Nevada during the 4th quarter worth approximately $47,000. Physician Wealth Advisors Inc. purchased a new stake in Franco-Nevada in the fourth quarter worth about $49,000. Harbour Investments Inc. grew its holdings in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after buying an additional 93 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Franco-Nevada by 538.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after purchasing an additional 512 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Franco-Nevada in the fourth quarter worth approximately $73,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Down 0.6%

FNV stock traded down $0.90 during trading on Tuesday, reaching $157.77. The stock had a trading volume of 1,019,530 shares, compared to its average volume of 719,822. The stock's 50 day moving average is $159.57 and its two-hundred day moving average is $139.16. The firm has a market cap of $30.38 billion, a PE ratio of -49.93, a PEG ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its 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. The business had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada's revenue was up 43.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. On average, research analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors 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 dividend on an annualized basis and a yield of 0.96%. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

Analyst Ratings Changes

FNV has been the subject of a number of recent analyst reports. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Raymond James lifted their price target on shares of Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. HC Wainwright boosted their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. Scotiabank upped their price objective on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, UBS Group raised their price target on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $162.75.

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.