U S Global Investors Inc. Increases Stock Position in Franco-Nevada Co. (NYSE:FNV)

U S Global Investors Inc. grew its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 31.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,686 shares of the basic materials company's stock after acquiring an additional 22,558 shares during the period. Franco-Nevada comprises about 0.7% of U S Global Investors Inc.'s holdings, making the stock its 22nd largest holding. U S Global Investors Inc.'s holdings in Franco-Nevada were worth $10,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC bought a new position in Franco-Nevada in the 3rd quarter valued at approximately $30,000. Castleview Partners LLC bought a new position in Franco-Nevada in the 3rd quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV bought a new position in Franco-Nevada in the 4th quarter valued at approximately $34,000. State of Wyoming bought a new position in Franco-Nevada in the 4th quarter valued at approximately $38,000. Finally, FinTrust Capital Advisors LLC lifted its position in Franco-Nevada by 209.0% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 309 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FNV shares. Raymond James lowered their price target on Franco-Nevada from $148.00 to $141.00 and set an "outperform" rating on the stock in a report on Tuesday, December 12th. TheStreet cut Franco-Nevada from a "c+" rating to a "d+" rating in a report on Tuesday, March 5th. Scotiabank lowered their price target on Franco-Nevada from $141.00 to $139.00 and set a "sector perform" rating on the stock in a report on Thursday, March 7th. Bank of America lowered their price target on Franco-Nevada from $138.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, March 18th. Finally, Jefferies Financial Group started coverage on Franco-Nevada in a report on Thursday, February 29th. They set a "hold" rating and a $117.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $147.30.

Franco-Nevada Stock Down 1.1 %

FNV stock traded down $1.31 during trading on Thursday, reaching $119.11. The company's stock had a trading volume of 604,152 shares, compared to its average volume of 745,972. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $161.25. The company has a market capitalization of $22.89 billion, a P/E ratio of -49.49, a price-to-earnings-growth ratio of 6.75 and a beta of 0.71. The company's fifty day moving average is $111.26 and its 200-day moving average is $117.49.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.10. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. The business had revenue of $303.30 million during the quarter. Analysts anticipate that Franco-Nevada Co. will post 2.68 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, March 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.34. Franco-Nevada's dividend payout ratio is presently -55.97%.

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.