Axa S.A. Acquires 11,968 Shares of Franco-Nevada Co. (NYSE:FNV)

AXA S.A. increased its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 9.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 133,543 shares of the basic materials company's stock after purchasing an additional 11,968 shares during the quarter. AXA S.A. owned approximately 0.07% of Franco-Nevada worth $15,703,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Franco-Nevada in the fourth quarter worth $237,643,000. Arrowstreet Capital Limited Partnership lifted its position in Franco-Nevada by 246.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock worth $136,796,000 after acquiring an additional 828,166 shares during the last quarter. Capital World Investors boosted its holdings in Franco-Nevada by 9.8% during the fourth quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after acquiring an additional 711,591 shares during the period. Proficio Capital Partners LLC grew its position in shares of Franco-Nevada by 11,659.0% in the fourth quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock valued at $56,762,000 after purchasing an additional 478,602 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Franco-Nevada by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,286,661 shares of the basic materials company's stock worth $504,069,000 after purchasing an additional 400,384 shares during the period. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

FNV has been the subject of several recent analyst reports. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Royal Bank of Canada raised their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Scotiabank raised their price target on shares of Franco-Nevada from $150.00 to $165.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.25.

Franco-Nevada Stock Up 2.1 %

FNV traded up $3.41 during midday trading on Friday, reaching $168.66. 1,012,429 shares of the company's stock were exchanged, compared to its average volume of 714,789. The business has a 50-day simple moving average of $159.01 and a two-hundred day simple moving average of $138.85. The firm has a market capitalization of $32.48 billion, a price-to-earnings ratio of -53.37, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $178.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $328.79 million. During the same quarter in the previous year, the firm earned $0.76 EPS. Franco-Nevada's quarterly revenue was up 43.5% on a year-over-year basis. As a group, research analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is currently 53.15%.

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.