Hutner Capital Management Inc. Boosts Position in Franco-Nevada Co. (NYSE:FNV)

Hutner Capital Management Inc. increased its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,848 shares of the basic materials company's stock after purchasing an additional 4,968 shares during the period. Franco-Nevada makes up about 2.3% of Hutner Capital Management Inc.'s investment portfolio, making the stock its 16th largest position. Hutner Capital Management Inc.'s holdings in Franco-Nevada were worth $4,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Franco-Nevada during the fourth quarter valued at approximately $47,000. Physician Wealth Advisors Inc. bought a new position in Franco-Nevada during the 4th quarter worth about $49,000. Harbour Investments Inc. raised its holdings 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Franco-Nevada during the fourth quarter valued at approximately $73,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Price Performance

Shares of NYSE FNV traded down $1.26 during midday trading on Wednesday, hitting $170.57. The company's stock had a trading volume of 231,017 shares, compared to its average volume of 708,039. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $178.74. The business's fifty day simple moving average is $157.47 and its two-hundred day simple moving average is $138.15. The firm has a market capitalization of $32.84 billion, a price-to-earnings ratio of -53.93, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 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 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Raymond James upped their target price on Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada lifted 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 report on Tuesday, February 11th. StockNews.com upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Scotiabank boosted their price objective on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, BMO Capital Markets began coverage on Franco-Nevada in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Six 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $162.25.

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.