Euro Pacific Asset Management LLC Has $14.38 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Euro Pacific Asset Management LLC grew its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,779 shares of the basic materials company's stock after acquiring an additional 22,243 shares during the quarter. Franco-Nevada accounts for 3.0% of Euro Pacific Asset Management LLC's holdings, making the stock its 10th biggest position. Euro Pacific Asset Management LLC owned 0.07% of Franco-Nevada worth $14,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Franco-Nevada in the 4th quarter valued at approximately $219,378,000. Bank of America Corp DE grew its position in shares of Franco-Nevada by 69.9% in the 1st quarter. Bank of America Corp DE now owns 2,679,436 shares of the basic materials company's stock valued at $390,662,000 after purchasing an additional 1,102,710 shares during the period. Quadrature Capital Ltd grew its position in shares of Franco-Nevada by 119.3% in the 3rd quarter. Quadrature Capital Ltd now owns 581,900 shares of the basic materials company's stock valued at $78,184,000 after purchasing an additional 316,600 shares during the period. Montrusco Bolton Investments Inc. boosted its position in Franco-Nevada by 270.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 405,712 shares of the basic materials company's stock worth $54,414,000 after acquiring an additional 296,169 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in Franco-Nevada during the 4th quarter worth approximately $33,842,000. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Performance

FNV traded up $1.18 during trading hours on Thursday, reaching $121.65. The company's stock had a trading volume of 636,610 shares, compared to its average volume of 744,456. Franco-Nevada Co. has a 52 week low of $102.29 and a 52 week high of $161.25. The company's 50-day moving average is $113.86 and its 200-day moving average is $116.23. The firm has a market cap of $23.39 billion, a PE ratio of -50.06, a price-to-earnings-growth ratio of 6.42 and a beta of 0.71.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts anticipate that Franco-Nevada Co. will post 2.76 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.36 per share. This is a boost from Franco-Nevada's previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.18%. Franco-Nevada's dividend payout ratio (DPR) is presently -55.97%.

Analyst Ratings Changes

A number of research firms have weighed in on FNV. TheStreet downgraded Franco-Nevada from a "c+" rating to a "d+" rating in a research report on Tuesday, March 5th. Scotiabank upped their price target on Franco-Nevada from $139.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Thursday. Jefferies Financial Group assumed coverage on Franco-Nevada in a research report on Thursday, February 29th. They set a "hold" rating and a $117.00 price target for the company. Bank of America cut their price objective on Franco-Nevada from $138.00 to $136.00 and set a "buy" rating for the company in a report on Monday, March 18th. Finally, Raymond James increased their price objective on Franco-Nevada from $138.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Franco-Nevada presently has an average rating of "Hold" and a consensus price target of $147.40.

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.