Franco-Nevada Co. (NYSE:FNV) Holdings Increased by PFG Investments LLC

PFG Investments LLC grew its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,754 shares of the basic materials company’s stock after buying an additional 665 shares during the quarter. PFG Investments LLC’s holdings in Franco-Nevada were worth $794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNV. Flagship Harbor Advisors LLC raised its holdings in shares of Franco-Nevada by 4.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,715 shares of the basic materials company’s stock worth $319,000 after purchasing an additional 122 shares in the last quarter. Euro Pacific Asset Management LLC raised its holdings in shares of Franco-Nevada by 2.1% in the 4th quarter. Euro Pacific Asset Management LLC now owns 227,912 shares of the basic materials company’s stock worth $27,046,000 after purchasing an additional 4,733 shares in the last quarter. Sustainable Insight Capital Management LLC raised its holdings in shares of Franco-Nevada by 2.7% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 100 shares in the last quarter. Fiduciary Family Office LLC bought a new stake in shares of Franco-Nevada in the 4th quarter worth approximately $218,000. Finally, Mutual Advisors LLC raised its holdings in shares of Franco-Nevada by 4.0% in the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company’s stock worth $309,000 after purchasing an additional 96 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Performance

Shares of FNV opened at $130.79 on Wednesday. The company’s 50 day moving average price is $122.70 and its 200 day moving average price is $124.07. Franco-Nevada Co. has a 52 week low of $103.64 and a 52 week high of $137.60. The company has a market capitalization of $25.17 billion, a PE ratio of -41.39, a PEG ratio of 7.08 and a beta of 0.72.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $275.70 million for the quarter, compared to analysts’ expectations of $279.11 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, equities analysts forecast that Franco-Nevada Co. will post 3.18 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s payout ratio is presently -45.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FNV. Scotiabank dropped their target price on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, November 8th. HC Wainwright reiterated a “buy” rating and issued a $155.00 target price on shares of Franco-Nevada in a report on Tuesday. Bank of America downgraded shares of Franco-Nevada from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $142.00 to $139.00 in a research report on Tuesday, October 1st. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.33.

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.