Greenline Partners LLC Purchases 1,502 Shares of Franco-Nevada Co. (NYSE:FNV)

Greenline Partners LLC lifted its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 44.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,879 shares of the basic materials company's stock after purchasing an additional 1,502 shares during the period. Greenline Partners LLC's holdings in Franco-Nevada were worth $574,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Essex Financial Services Inc. increased its stake in Franco-Nevada by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock valued at $458,000 after acquiring an additional 84 shares during the period. Harbour Investments Inc. boosted 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 valued at $53,000 after buying an additional 93 shares in the last quarter. Mutual Advisors LLC lifted its holdings in Franco-Nevada by 4.0% during the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock worth $309,000 after buying an additional 96 shares in the last quarter. Sustainable Insight Capital Management LLC boosted its stake in shares of Franco-Nevada by 2.7% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock valued at $441,000 after purchasing an additional 100 shares during the last quarter. Finally, Blossom Wealth Management boosted its position in shares of Franco-Nevada by 3.9% in the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock worth $335,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. HC Wainwright boosted their price objective on Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research note on Tuesday, March 11th. BMO Capital Markets began coverage on Franco-Nevada in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.75.

Franco-Nevada Price Performance

NYSE FNV traded up $3.33 during trading on Thursday, reaching $158.90. 307,754 shares of the company's stock were exchanged, compared to its average volume of 720,793. The business has a 50 day moving average price of $159.80 and a 200-day moving average price of $139.27. The stock has a market capitalization of $30.60 billion, a P/E ratio of -50.24, a PEG ratio of 9.78 and a beta of 0.45. 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 posted its quarterly 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. 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 analysts' expectations of $328.79 million. During the same quarter in the prior year, the business earned $0.76 EPS. The firm's revenue for the quarter was up 43.5% on a year-over-year basis. On average, analysts forecast 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 given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, June 12th. Franco-Nevada's payout ratio is presently 47.50%.

Franco-Nevada 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.