Sustainable Insight Capital Management LLC Purchases 100 Shares of Franco-Nevada Co. (NYSE:FNV)

Sustainable Insight Capital Management LLC lifted its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,755 shares of the basic materials company’s stock after buying an additional 100 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Franco-Nevada were worth $441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Laurel Wealth Advisors LLC bought a new stake in shares of Franco-Nevada in the 4th quarter valued at $47,000. Sunbelt Securities Inc. raised its stake in Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after buying an additional 400 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Franco-Nevada during the third quarter valued at approximately $52,000. Erste Asset Management GmbH acquired a new position in shares of Franco-Nevada during the third quarter worth approximately $55,000. Finally, Birch Capital Management LLC lifted its holdings in shares of Franco-Nevada by 37.9% in the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 298 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FNV has been the subject of a number of recent research reports. Scotiabank decreased their price target on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, November 8th. HC Wainwright dropped their target price on shares of Franco-Nevada from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Bank of America lowered Franco-Nevada from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

Franco-Nevada Stock Performance

FNV stock opened at $129.36 on Friday. Franco-Nevada Co. has a 1-year low of $103.64 and a 1-year high of $137.60. The company’s 50 day moving average is $121.97 and its 200 day moving average is $124.00.

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

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. Franco-Nevada’s payout ratio is -45.57%.

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.