PFG Investments LLC Raises Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

PFG Investments LLC boosted its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,754 shares of the basic materials company’s stock after purchasing an additional 665 shares during the period. PFG Investments LLC’s holdings in Franco-Nevada were worth $794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FNV. Dimensional Fund Advisors LP boosted its holdings in Franco-Nevada by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 155,836 shares of the basic materials company’s stock valued at $18,472,000 after purchasing an additional 6,202 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Franco-Nevada by 33.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,199 shares of the basic materials company’s stock worth $1,920,000 after buying an additional 4,036 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Franco-Nevada by 33.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 15,024 shares of the basic materials company’s stock worth $1,781,000 after buying an additional 3,724 shares during the last quarter. Creative Planning lifted its holdings in Franco-Nevada by 15.4% during the 2nd quarter. Creative Planning now owns 12,047 shares of the basic materials company’s stock worth $1,428,000 after buying an additional 1,608 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Franco-Nevada by 18.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the basic materials company’s stock worth $156,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on FNV shares. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. UBS Group started coverage on Franco-Nevada in a report on Monday, November 18th. They set a “buy” rating and a $160.00 target price on the stock. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. HC Wainwright reiterated a “buy” rating and set a $155.00 price target on shares of Franco-Nevada in a research report on Tuesday. Finally, Scotiabank reduced their price objective on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.33.

Franco-Nevada Stock Up 1.2 %

Shares of NYSE:FNV opened at $130.79 on Wednesday. The company has a market cap of $25.17 billion, a PE ratio of -41.39, a P/E/G ratio of 7.08 and a beta of 0.72. 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 fifty-two week low of $103.64 and a fifty-two week high of $137.60.

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

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.36 per share. 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 1.10%. Franco-Nevada’s dividend payout ratio (DPR) is -45.57%.

Franco-Nevada Company 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.