Susquehanna Fundamental Investments LLC Makes New $1.78 Million Investment in Franco-Nevada Co. (NYSE:FNV)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,115 shares of the basic materials company's stock, valued at approximately $1,777,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Essex Financial Services Inc. increased its stake in shares of Franco-Nevada by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock valued at $458,000 after buying an additional 84 shares during the period. Harbour Investments Inc. lifted its stake in Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after acquiring an additional 93 shares during the period. Mutual Advisors LLC grew its holdings in Franco-Nevada by 4.0% during the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock worth $309,000 after acquiring an additional 96 shares in the last quarter. Sustainable Insight Capital Management LLC increased its position in Franco-Nevada by 2.7% during the 4th quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock valued at $441,000 after purchasing an additional 100 shares during the period. Finally, Blossom Wealth Management raised its holdings in shares of Franco-Nevada by 3.9% in the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock valued at $335,000 after purchasing an additional 108 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Down 0.7 %

Shares of Franco-Nevada stock traded down $1.11 during midday trading on Friday, hitting $164.58. The company had a trading volume of 731,105 shares, compared to its average volume of 709,659. The stock has a market cap of $31.69 billion, a price-to-earnings ratio of -52.08, a PEG ratio of 9.78 and a beta of 0.68. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $178.74. The company has a fifty day simple moving average of $156.32 and a 200 day simple moving average of $137.60.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The business had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. As a group, analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current year.

Wall Street Analysts Forecast Growth

FNV has been the topic of a number of recent research reports. Raymond James increased their price objective on shares of Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. UBS Group lifted their price target on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 11th. Scotiabank upped their price objective on Franco-Nevada from $150.00 to $165.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada currently has an average rating of "Moderate Buy" and an average price target of $162.25.

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.