Franco-Nevada Co. (NYSE:FNV) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,843 shares of the basic materials company's stock after acquiring an additional 1,818 shares during the period. LPL Financial LLC's holdings in Franco-Nevada were worth $3,627,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FNV. Proficio Capital Partners LLC raised its stake in shares of Franco-Nevada by 11,659.0% during the 4th quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock valued at $56,762,000 after buying an additional 478,602 shares during the last quarter. Bennbridge Ltd acquired a new position in shares of Franco-Nevada during the 4th quarter worth approximately $45,877,000. Van ECK Associates Corp grew its position in shares of Franco-Nevada by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company's stock valued at $1,004,046,000 after purchasing an additional 193,968 shares in the last quarter. Markel Group Inc. grew its position in shares of Franco-Nevada by 39.9% in the fourth quarter. Markel Group Inc. now owns 483,250 shares of the basic materials company's stock valued at $56,825,000 after purchasing an additional 137,750 shares in the last quarter. Finally, Amundi raised its holdings in shares of Franco-Nevada by 16.3% during the 4th quarter. Amundi now owns 879,349 shares of the basic materials company's stock worth $111,985,000 after acquiring an additional 123,122 shares during the period. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of Franco-Nevada in a research note on Wednesday. They issued an "outperform" rating for the company. HC Wainwright increased their target price on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, March 26th. Scotiabank upped their price objective on shares of Franco-Nevada from $150.00 to $165.00 and gave the stock a "sector perform" rating in a report on Monday. Royal Bank of Canada raised their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Finally, StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $162.25.

Franco-Nevada Stock Up 2.2 %

Shares of FNV traded up $3.70 during trading on Wednesday, reaching $172.94. The company's stock had a trading volume of 207,903 shares, compared to its average volume of 687,042. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $176.01. The company has a market cap of $33.30 billion, a price-to-earnings ratio of -54.71, a P/E/G ratio of 9.78 and a beta of 0.68. The company has a fifty day moving average of $148.63 and a two-hundred day moving average of $133.32.

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 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. During the same period last year, the firm earned $0.90 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, March 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio 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.