5,500 Shares in Franco-Nevada Co. (NYSE:FNV) Purchased by Foresight Global Investors Inc.

Foresight Global Investors Inc. bought a new stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,500 shares of the basic materials company’s stock, valued at approximately $647,000. Franco-Nevada comprises approximately 0.5% of Foresight Global Investors Inc.’s portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in Franco-Nevada in the fourth quarter worth $47,000. Point72 DIFC Ltd bought a new stake in shares of Franco-Nevada in the third quarter valued at approximately $52,000. Harbour Investments Inc. grew its stake in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after buying an additional 93 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Franco-Nevada during the 3rd quarter valued at $55,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Franco-Nevada during the fourth quarter worth $73,000. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FNV has been the topic of a number of analyst reports. HC Wainwright boosted 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, March 11th. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, March 11th. StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday. Raymond James increased their target price 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. Finally, Royal Bank of Canada boosted their price target 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $153.63.

Franco-Nevada Stock Up 0.2 %

FNV opened at $154.31 on Wednesday. The business’s fifty day simple moving average is $137.96 and its 200 day simple moving average is $128.62. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $156.82. The stock has a market cap of $29.71 billion, a PE ratio of -48.83, a P/E/G ratio of 9.78 and a beta of 0.73.

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

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, March 13th. 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%. Franco-Nevada’s dividend payout ratio (DPR) is 53.15%.

Franco-Nevada Company 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.