Franco-Nevada Co. (NYSE:FNV) Stock Holdings Lowered by Swiss National Bank

Swiss National Bank cut its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 558,760 shares of the basic materials company’s stock after selling 22,800 shares during the quarter. Swiss National Bank owned about 0.29% of Franco-Nevada worth $65,630,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada in the fourth quarter valued at approximately $47,000. Point72 DIFC Ltd acquired a new stake in Franco-Nevada in the 3rd quarter valued at approximately $52,000. Erste Asset Management GmbH bought a new stake in Franco-Nevada during the 3rd quarter valued at $55,000. SBI Securities Co. Ltd. acquired a new position in Franco-Nevada during the 4th quarter worth $73,000. Finally, Jones Financial Companies Lllp grew its stake 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 worth $73,000 after purchasing an additional 126 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Performance

Shares of NYSE:FNV opened at $153.45 on Friday. The company has a market capitalization of $29.55 billion, a PE ratio of -48.56, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The stock has a fifty day moving average of $136.67 and a 200-day moving average of $128.12. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $153.84.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. The business 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 revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, research analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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. This represents a $1.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is 53.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FNV. Royal Bank of Canada lifted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. UBS Group boosted their price target on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. HC Wainwright increased their price objective on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Finally, Scotiabank increased their price target on Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and an average price target 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.