Compound Global Advisors LLC Purchases 60,361 Shares of Franco-Nevada Co. (NYSE:FNV)

Compound Global Advisors LLC increased its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 76.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,712 shares of the basic materials company's stock after acquiring an additional 60,361 shares during the period. Franco-Nevada comprises about 2.9% of Compound Global Advisors LLC's portfolio, making the stock its 15th biggest position. Compound Global Advisors LLC owned about 0.07% of Franco-Nevada worth $15,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. VisionPoint Advisory Group LLC bought a new stake in shares of Franco-Nevada during the third quarter worth about $30,000. Castleview Partners LLC bought a new position in shares of Franco-Nevada during the third quarter valued at $33,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Franco-Nevada during the fourth quarter worth $34,000. State of Wyoming bought a new stake in shares of Franco-Nevada in the fourth quarter worth $38,000. Finally, FinTrust Capital Advisors LLC grew its stake in shares of Franco-Nevada by 209.0% in the third quarter. FinTrust Capital Advisors LLC now owns 309 shares of the basic materials company's stock worth $41,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

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

Franco-Nevada Price Performance

Shares of NYSE FNV traded up $3.18 during trading on Friday, hitting $122.31. 670,282 shares of the company traded hands, compared to its average volume of 744,825. The business's fifty day moving average is $111.46 and its 200 day moving average is $117.50. Franco-Nevada Co. has a fifty-two week low of $102.29 and a fifty-two week high of $161.25.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.10. The business had revenue of $303.30 million for the quarter. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. Equities research analysts anticipate that Franco-Nevada Co. will post 2.68 earnings per share for the current fiscal 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 dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.34. Franco-Nevada's payout ratio is -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.

Want to see what other hedge funds are holding FNV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.