Regal Partners Ltd purchased a new stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,000 shares of the basic materials company's stock, valued at approximately $2,352,000.
Several other hedge funds have also added to or reduced their stakes in FNV. Laurel Wealth Advisors LLC purchased a new stake in Franco-Nevada during the fourth quarter valued at about $47,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Franco-Nevada during the 4th quarter valued at approximately $49,000. Harbour Investments Inc. boosted its holdings in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after buying an additional 93 shares during the period. Tower Research Capital LLC TRC grew its stake in Franco-Nevada by 538.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after buying an additional 512 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Franco-Nevada in the 4th quarter worth about $73,000. Institutional investors own 77.06% of the company's stock.
Franco-Nevada Trading Down 0.7 %
Shares of FNV traded down $1.11 during mid-day trading on Friday, reaching $164.58. The company's stock had a trading volume of 731,105 shares, compared to its average volume of 709,556. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $178.74. The stock has a market cap of $31.69 billion, a PE ratio of -52.08, a P/E/G ratio of 9.78 and a beta of 0.68. The company's fifty day moving average price is $156.32 and its two-hundred day moving average price is $137.51.
Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. During the same period in the prior year, the business posted $0.90 earnings per share. The company's revenue was up 5.8% on a year-over-year basis. Research analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on FNV. StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. UBS Group lifted their price objective on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Royal Bank of Canada upped their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. BMO Capital Markets initiated coverage on Franco-Nevada in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a research note on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $162.25.
View Our Latest Stock Analysis on FNV
Franco-Nevada Company Profile
(
Free Report)
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.
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