Dynamic Technology Lab Private Ltd Buys Shares of 5,770 Franco-Nevada Co. (NYSE:FNV)

Dynamic Technology Lab Private Ltd bought a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,770 shares of the basic materials company's stock, valued at approximately $717,000.

Other institutional investors have also added to or reduced their stakes in the company. Mechanics Financial Corp raised its position in shares of Franco-Nevada by 150.0% during the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company's stock valued at $30,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. purchased a new stake in Franco-Nevada during the second quarter valued at about $33,000. Kings Path Partners LLC bought a new stake in Franco-Nevada during the second quarter worth about $36,000. Sunbelt Securities Inc. increased its position in shares of Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 400 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Franco-Nevada during the 2nd quarter valued at about $68,000. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FNV. Jefferies Financial Group cut their target price on Franco-Nevada from $137.00 to $136.00 and set a "hold" rating for the company in a research note on Thursday, October 17th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. StockNews.com upgraded Franco-Nevada from a "sell" rating to a "hold" rating in a report on Thursday, August 22nd. Finally, TD Securities upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $148.86.

Franco-Nevada Stock Down 0.3 %

Shares of NYSE:FNV traded down $0.33 during trading on Friday, hitting $122.63. The stock had a trading volume of 165,847 shares, compared to its average volume of 665,356. The company has a market capitalization of $23.61 billion, a PE ratio of -38.91, a PEG ratio of 20.78 and a beta of 0.75. The firm's fifty day moving average is $125.89 and its 200 day moving average is $123.76. Franco-Nevada Co. has a 12 month low of $102.29 and a 12 month high of $137.60.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03). The firm had revenue of $275.70 million during the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 EPS. Equities research analysts expect that Franco-Nevada Co. will post 3.22 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. Franco-Nevada's payout ratio is currently -45.57%.

About Franco-Nevada

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.