3,961 Shares in Franco-Nevada Co. (NYSE:FNV) Purchased by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC purchased a new position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,961 shares of the basic materials company’s stock, valued at approximately $472,000.

A number of other large investors also recently bought and sold shares of FNV. Norges Bank acquired a new position in Franco-Nevada in the 4th quarter worth about $221,351,000. Capital World Investors increased its stake in Franco-Nevada by 45.8% during the 4th quarter. Capital World Investors now owns 4,477,105 shares of the basic materials company’s stock worth $495,909,000 after buying an additional 1,405,731 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Franco-Nevada by 39.5% during the 4th quarter. First Eagle Investment Management LLC now owns 3,150,097 shares of the basic materials company’s stock worth $348,940,000 after buying an additional 891,164 shares in the last quarter. Van ECK Associates Corp increased its stake in Franco-Nevada by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 8,778,127 shares of the basic materials company’s stock worth $972,707,000 after buying an additional 789,070 shares in the last quarter. Finally, FIL Ltd increased its stake in Franco-Nevada by 7.8% during the 4th quarter. FIL Ltd now owns 9,079,951 shares of the basic materials company’s stock worth $1,005,852,000 after buying an additional 659,324 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Trading Up 2.8 %

Franco-Nevada stock traded up $3.39 during mid-day trading on Thursday, hitting $122.68. The company’s stock had a trading volume of 355,678 shares, compared to its average volume of 665,409. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $149.06. The stock’s fifty day moving average is $121.89 and its two-hundred day moving average is $115.57.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. The company had revenue of $256.80 million during the quarter, compared to analyst estimates of $250.50 million. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. As a group, research analysts predict that Franco-Nevada Co. will post 3.2 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a $0.36 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.44 annualized dividend and a yield of 1.17%. Franco-Nevada’s payout ratio is -57.83%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FNV shares. Raymond James boosted their price objective on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. HC Wainwright boosted their price objective on Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Bank of America boosted their price objective on Franco-Nevada from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Scotiabank upped their price target on Franco-Nevada from $140.00 to $141.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. Finally, Jefferies Financial Group upped their price target on Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $149.30.

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.