FORA Capital LLC Makes New Investment in Franco-Nevada Co. (NYSE:FNV)

FORA Capital LLC bought a new stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,980 shares of the basic materials company’s stock, valued at approximately $233,000.

Other large investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in Franco-Nevada in the 4th quarter valued at about $47,000. Physician Wealth Advisors Inc. bought a new stake in Franco-Nevada during the fourth quarter worth $49,000. Harbour Investments Inc. boosted its position in Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 93 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Franco-Nevada by 538.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 512 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Franco-Nevada during the 4th quarter valued at $73,000. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Performance

NYSE:FNV opened at $168.66 on Friday. The firm has a market capitalization of $32.48 billion, a price-to-earnings ratio of -53.37, a P/E/G ratio of 9.78 and a beta of 0.45. The stock has a fifty day moving average of $159.01 and a 200 day moving average of $138.85. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $178.74.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The company had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada’s revenue was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Equities analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, June 12th. Franco-Nevada’s dividend payout ratio (DPR) is currently 47.50%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FNV shares. Royal Bank of Canada raised their price objective 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. HC Wainwright upped their price objective on Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, March 26th. Raymond James increased their price objective on Franco-Nevada from $162.00 to $181.00 and gave the company an “outperform” rating in a report on Friday, April 4th. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, March 11th. Finally, Scotiabank boosted their price objective on Franco-Nevada from $150.00 to $165.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.25.

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.