Capital Analysts LLC Has $75,000 Position in Franco-Nevada Co. (NYSE:FNV)

Capital Analysts LLC trimmed its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 24.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 680 shares of the basic materials company’s stock after selling 222 shares during the period. Capital Analysts LLC’s holdings in Franco-Nevada were worth $75,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in Franco-Nevada by 15.6% in the fourth quarter. Mackenzie Financial Corp now owns 1,472,264 shares of the basic materials company’s stock worth $163,156,000 after purchasing an additional 198,144 shares during the period. Vanguard Group Inc. lifted its holdings in Franco-Nevada by 1.6% during the third quarter. Vanguard Group Inc. now owns 7,104,384 shares of the basic materials company’s stock worth $948,364,000 after acquiring an additional 112,274 shares in the last quarter. Beddow Capital Management Inc. grew its stake in Franco-Nevada by 3.8% in the fourth quarter. Beddow Capital Management Inc. now owns 56,639 shares of the basic materials company’s stock valued at $6,276,000 after acquiring an additional 2,059 shares during the period. Invesco Ltd. increased its holdings in shares of Franco-Nevada by 11.9% in the third quarter. Invesco Ltd. now owns 491,631 shares of the basic materials company’s stock worth $65,628,000 after acquiring an additional 52,401 shares in the last quarter. Finally, TD Asset Management Inc raised its position in shares of Franco-Nevada by 0.4% during the third quarter. TD Asset Management Inc now owns 2,232,515 shares of the basic materials company’s stock worth $299,425,000 after purchasing an additional 9,482 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

FNV has been the subject of several research analyst reports. Bank of America decreased their price objective on Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Jefferies Financial Group assumed coverage on shares of Franco-Nevada in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. TheStreet lowered shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Raymond James lifted their price target on Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Scotiabank upped their price objective on Franco-Nevada from $139.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $147.40.

Franco-Nevada Stock Performance

NYSE:FNV opened at $121.65 on Friday. Franco-Nevada Co. has a 52-week low of $102.29 and a 52-week high of $161.25. The company has a market cap of $23.39 billion, a P/E ratio of -50.06, a P/E/G ratio of 6.42 and a beta of 0.71. The stock’s 50-day simple moving average is $113.86 and its 200 day simple moving average is $116.23.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.10. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. The firm had revenue of $303.30 million during the quarter. As a group, equities analysts predict that Franco-Nevada Co. will post 2.76 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, March 13th. Franco-Nevada’s payout ratio is presently -55.97%.

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.