Lido Advisors LLC Invests $284,000 in Franco-Nevada Co. (NYSE:FNV)

Lido Advisors LLC acquired a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,414 shares of the basic materials company's stock, valued at approximately $284,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada during the 4th quarter valued at about $47,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Franco-Nevada during the 4th quarter valued at about $49,000. Harbour Investments Inc. boosted its position in shares of Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 93 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Franco-Nevada by 538.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after acquiring an additional 512 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Franco-Nevada during the 4th quarter valued at about $73,000. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded up $3.41 during trading on Friday, reaching $168.66. The company had a trading volume of 1,012,429 shares, compared to its average volume of 714,789. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74. The stock has a market cap of $32.48 billion, a PE ratio of -53.37, a PEG ratio of 9.78 and a beta of 0.45. The business's 50 day moving average price is $159.01 and its 200-day moving average price is $138.87.

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, topping analysts' consensus estimates of $1.00 by $0.07. The business had revenue of $368.40 million during the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. Franco-Nevada's revenue for the quarter was up 43.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Equities analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid 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 is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is 47.50%.

Analysts Set New Price Targets

A number of research firms have commented on FNV. BMO Capital Markets began coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Raymond James boosted 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. Scotiabank boosted their price target on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Royal Bank of Canada boosted their price target 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, HC Wainwright boosted their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $162.25.

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.