Franco-Nevada Co. (NYSE:FNV) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,166 shares of the basic materials company’s stock after purchasing an additional 16,029 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Franco-Nevada worth $49,702,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada during the 4th quarter worth about $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada during the 3rd quarter worth about $52,000. Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada during the 3rd quarter worth about $55,000. SBI Securities Co. Ltd. bought a new position in shares of Franco-Nevada in the 4th quarter valued at approximately $73,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 126 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at $150.14 on Friday. The firm has a market cap of $28.91 billion, a P/E ratio of -47.51, a P/E/G ratio of 9.78 and a beta of 0.73. The business’s fifty day moving average is $135.47 and its two-hundred day moving average is $127.74. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $152.77.

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

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. This is a positive change 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 annualized dividend and a yield of 1.01%. Franco-Nevada’s dividend payout ratio is presently 53.15%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FNV shares. HC Wainwright raised their price objective on Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. UBS Group raised their price objective on Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Raymond James raised their price objective on Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Franco-Nevada presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.63.

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.