America First Investment Advisors LLC Boosts Holdings in Franco-Nevada Co. (NYSE:FNV)

America First Investment Advisors LLC lifted its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,765 shares of the basic materials company's stock after purchasing an additional 6,717 shares during the quarter. Franco-Nevada comprises about 4.5% of America First Investment Advisors LLC's holdings, making the stock its 16th biggest holding. America First Investment Advisors LLC owned about 0.08% of Franco-Nevada worth $20,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Franco-Nevada in the 2nd quarter valued at approximately $276,446,000. EdgePoint Investment Group Inc. raised its stake in shares of Franco-Nevada by 68.1% in the first quarter. EdgePoint Investment Group Inc. now owns 2,759,677 shares of the basic materials company's stock valued at $328,972,000 after acquiring an additional 1,117,523 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Franco-Nevada by 3,404.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 727,681 shares of the basic materials company's stock valued at $86,287,000 after purchasing an additional 706,919 shares during the period. Victory Capital Management Inc. grew its stake in Franco-Nevada by 13.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company's stock worth $433,538,000 after purchasing an additional 424,810 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in Franco-Nevada by 25.4% during the 2nd quarter. National Bank of Canada FI now owns 1,351,218 shares of the basic materials company's stock worth $159,178,000 after purchasing an additional 274,069 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Price Performance

NYSE FNV traded up $1.78 on Thursday, reaching $123.23. The stock had a trading volume of 401,944 shares, compared to its average volume of 661,618. Franco-Nevada Co. has a 12-month low of $102.29 and a 12-month high of $137.60. The business's 50-day moving average price is $126.17 and its 200 day moving average price is $123.91.

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

Franco-Nevada Dividend Announcement

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 given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, December 5th. Franco-Nevada's dividend payout ratio (DPR) is presently -45.57%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FNV shares. Jefferies Financial Group decreased their price objective 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. UBS Group initiated coverage on shares of Franco-Nevada in a research note on Monday. They issued a "buy" rating and a $160.00 price target for the company. HC Wainwright increased their price objective on shares of Franco-Nevada from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Bank of America lowered shares of Franco-Nevada from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. Finally, Scotiabank lowered their target price on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Franco-Nevada has an average rating of "Moderate Buy" and an average target price of $157.00.

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.