7,041 Shares in Franco-Nevada Co. (NYSE:FNV) Purchased by Significant Wealth Partners LLC

Significant Wealth Partners LLC acquired a new stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,041 shares of the basic materials company's stock, valued at approximately $780,000.

Several other institutional investors also recently bought and sold shares of FNV. Quadrature Capital Ltd grew its stake in shares of Franco-Nevada by 119.3% during the 3rd quarter. Quadrature Capital Ltd now owns 581,900 shares of the basic materials company's stock worth $78,184,000 after purchasing an additional 316,600 shares during the period. Montrusco Bolton Investments Inc. grew its stake in Franco-Nevada by 270.4% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 405,712 shares of the basic materials company's stock valued at $54,414,000 after acquiring an additional 296,169 shares during the last quarter. FMR LLC grew its stake in Franco-Nevada by 1.3% in the 3rd quarter. FMR LLC now owns 16,565,648 shares of the basic materials company's stock valued at $2,211,558,000 after acquiring an additional 208,392 shares during the last quarter. Victory Capital Management Inc. grew its stake in Franco-Nevada by 8.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,681,215 shares of the basic materials company's stock valued at $357,915,000 after acquiring an additional 206,125 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in Franco-Nevada by 75.5% in the 3rd quarter. Gabelli Funds LLC now owns 472,460 shares of the basic materials company's stock valued at $63,189,000 after acquiring an additional 203,300 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FNV shares. Raymond James increased their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. Bank of America reduced their target price on shares of Franco-Nevada from $138.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, March 18th. TheStreet lowered shares of Franco-Nevada from a "c+" rating to a "d+" rating in a report on Tuesday, March 5th. Jefferies Financial Group upped their target price on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a "hold" rating in a report on Monday. Finally, Scotiabank upped their target price on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a "sector perform" rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $148.60.

Franco-Nevada Stock Down 2.7 %

Shares of FNV stock traded down $3.30 during trading hours on Monday, hitting $118.17. 914,367 shares of the company were exchanged, compared to its average volume of 747,765. The firm has a market cap of $22.73 billion, a PE ratio of -48.63, a PEG ratio of 6.66 and a beta of 0.71. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $161.25. The firm has a fifty day moving average of $114.30 and a 200 day moving average of $115.90.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share 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 negative net margin of 38.26% and a positive return on equity of 10.61%. Analysts expect that Franco-Nevada Co. will post 2.76 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Wednesday, March 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.34. Franco-Nevada's dividend payout ratio is -55.97%.

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.