Edmond DE Rothschild Holding S.A. Has $2.16 Million Position in Franco-Nevada Co. (NYSE:FNV)

Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 51.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,350 shares of the basic materials company’s stock after buying an additional 6,235 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Franco-Nevada were worth $2,155,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in Franco-Nevada during the fourth quarter valued at approximately $47,000. Point72 DIFC Ltd acquired a new stake in shares of Franco-Nevada in the 3rd quarter valued at approximately $52,000. Physician Wealth Advisors Inc. bought a new position in shares of Franco-Nevada in the fourth quarter valued at $49,000. Erste Asset Management GmbH acquired a new position in Franco-Nevada during the third quarter worth $55,000. Finally, Harbour Investments Inc. raised its position in Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

NYSE:FNV opened at $157.50 on Tuesday. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $159.38. The firm’s 50-day simple moving average is $143.23 and its 200 day simple moving average is $130.83. The firm has a market cap of $30.33 billion, a price-to-earnings ratio of -49.84, a P/E/G ratio of 9.78 and a beta of 0.73.

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

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.38 per share. 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 0.97%. The ex-dividend date of this dividend was Thursday, March 13th. Franco-Nevada’s dividend payout ratio is currently 53.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FNV shares. Scotiabank raised their target price on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. HC Wainwright lifted their target price on Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, March 26th. Raymond James increased their price target on Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Finally, TD Securities lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.50.

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.