International Assets Investment Management LLC Makes New Investment in Franco-Nevada Co. (NYSE:FNV)

International Assets Investment Management LLC bought a new stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,107 shares of the basic materials company's stock, valued at approximately $3,447,000.

Several other institutional investors have also added to or reduced their stakes in FNV. VisionPoint Advisory Group LLC bought a new stake in Franco-Nevada during the 3rd quarter worth approximately $30,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Franco-Nevada during the 4th quarter valued at $34,000. Allworth Financial LP lifted its stake in shares of Franco-Nevada by 5,750.0% during the 4th quarter. Allworth Financial LP now owns 351 shares of the basic materials company's stock valued at $39,000 after buying an additional 345 shares in the last quarter. Blue Trust Inc. boosted its holdings in Franco-Nevada by 277.6% in the 4th quarter. Blue Trust Inc. now owns 589 shares of the basic materials company's stock worth $65,000 after buying an additional 433 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in Franco-Nevada in the 3rd quarter worth $71,000. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Price Performance

Shares of NYSE:FNV traded up $0.42 during trading on Friday, hitting $127.80. The company had a trading volume of 601,015 shares, compared to its average volume of 692,616. The stock has a market cap of $24.58 billion, a price-to-earnings ratio of -51.33, a price-to-earnings-growth ratio of 6.45 and a beta of 0.71. The company has a fifty day simple moving average of $118.84 and a two-hundred day simple moving average of $114.83. Franco-Nevada Co. has a one year low of $102.29 and a one year high of $158.79.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.08. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. The business had revenue of $256.80 million for the quarter, compared to analysts' expectations of $250.50 million. During the same quarter in the previous year, the business posted $0.79 earnings per share. The business's revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Franco-Nevada Co. will post 2.96 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.13%. Franco-Nevada's dividend payout ratio is -57.43%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FNV shares. Jefferies Financial Group upped their price objective on Franco-Nevada from $117.00 to $129.00 and gave the stock a "hold" rating in a research note on Monday, April 22nd. HC Wainwright increased their price objective on shares of Franco-Nevada from $175.00 to $185.00 and gave the company a "buy" rating in a report on Monday. Bank of America lowered 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. Raymond James raised their target price 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. Finally, TheStreet cut shares of Franco-Nevada from a "c+" rating to a "d+" rating in a research note on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada currently has an average rating of "Hold" and a consensus price target of $148.60.

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.