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

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

Other large investors have also recently bought and sold shares of the company. Covea Finance raised its position in shares of Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock worth $11,895,000 after acquiring an additional 2,700 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Franco-Nevada by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after purchasing an additional 16,029 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Franco-Nevada by 5.0% during the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company's stock valued at $113,200,000 after purchasing an additional 45,495 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Franco-Nevada by 113.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock valued at $601,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Franco-Nevada during the fourth quarter worth approximately $12,280,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on FNV. Scotiabank lifted their target price on shares of Franco-Nevada from $150.00 to $165.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. UBS Group boosted their target price on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a research note on Tuesday, March 11th. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $162.25.

Franco-Nevada Price Performance

Shares of NYSE FNV opened at $167.91 on Tuesday. The business has a 50-day moving average of $156.86 and a 200-day moving average of $137.92. The stock has a market capitalization of $32.33 billion, a price-to-earnings ratio of -53.14, 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 Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. During the same quarter in the previous year, the firm earned $0.90 EPS. The business's quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current year.

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.

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