St. James Investment Company LLC Buys 42,808 Shares of Franco-Nevada Co. (NYSE:FNV)

St. James Investment Company LLC raised its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 33.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 170,081 shares of the basic materials company’s stock after purchasing an additional 42,808 shares during the quarter. Franco-Nevada accounts for about 3.5% of St. James Investment Company LLC’s investment portfolio, making the stock its 13th biggest position. St. James Investment Company LLC’s holdings in Franco-Nevada were worth $20,000,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in FNV. Laurel Wealth Advisors LLC bought a new position in Franco-Nevada during the fourth quarter valued at about $47,000. Physician Wealth Advisors Inc. bought a new stake in shares of Franco-Nevada in the 4th quarter worth approximately $49,000. Point72 DIFC Ltd acquired a new stake in shares of Franco-Nevada during the 3rd quarter worth approximately $52,000. Harbour Investments Inc. increased its position in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 93 shares during the period. Finally, Erste Asset Management GmbH acquired a new position in shares of Franco-Nevada in the third quarter valued at $55,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FNV. Raymond James lifted their price target on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Royal Bank of Canada lifted their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. HC Wainwright increased their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 26th. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Finally, UBS Group increased their target price on Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 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, Franco-Nevada currently has an average rating of “Moderate Buy” and an average price target of $155.50.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at $155.36 on Monday. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $159.38. The firm has a market cap of $29.92 billion, a P/E ratio of -49.16, a P/E/G ratio of 9.78 and a beta of 0.73. The business’s fifty day moving average is $142.60 and its two-hundred day moving average is $130.60.

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, topping the consensus estimate of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is 53.15%.

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.