Steward Partners Investment Advisory LLC Acquires 2,710 Shares of Franco-Nevada Co. (NYSE:FNV)

Steward Partners Investment Advisory LLC grew its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 113.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,109 shares of the basic materials company’s stock after purchasing an additional 2,710 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Franco-Nevada were worth $601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. DJE Kapital AG bought a new stake in shares of Franco-Nevada in the fourth quarter valued at approximately $1,725,000. SBI Securities Co. Ltd. bought a new stake in shares of Franco-Nevada in the fourth quarter valued at approximately $73,000. Jones Financial Companies Lllp raised its position in shares of Franco-Nevada by 25.6% in the fourth quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 126 shares during the period. Metis Global Partners LLC raised its position in shares of Franco-Nevada by 8.9% in the fourth quarter. Metis Global Partners LLC now owns 16,502 shares of the basic materials company’s stock valued at $1,939,000 after purchasing an additional 1,349 shares during the period. Finally, US Bancorp DE raised its position in shares of Franco-Nevada by 2.1% in the fourth quarter. US Bancorp DE now owns 22,391 shares of the basic materials company’s stock valued at $2,633,000 after purchasing an additional 467 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FNV shares. HC Wainwright boosted their price target on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday. Raymond James upped their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Scotiabank upped their target price on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, Royal Bank of Canada upped their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and an average price target of $153.63.

Franco-Nevada Trading Up 1.4 %

FNV opened at $145.56 on Wednesday. The stock has a market capitalization of $28.03 billion, a P/E ratio of -46.06, a PEG ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 12-month low of $111.98 and a 12-month high of $148.02. The stock has a 50-day moving average price of $134.87 and a 200-day moving average price of $127.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. On average, equities research analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.38 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. Franco-Nevada’s payout ratio is presently 53.15%.

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.