Franco-Nevada Co. (NYSE:FNV) Shares Bought by America First Investment Advisors LLC

America First Investment Advisors LLC grew its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,553 shares of the basic materials company's stock after acquiring an additional 2,788 shares during the quarter. Franco-Nevada comprises about 4.2% of America First Investment Advisors LLC's portfolio, making the stock its 15th biggest position. America First Investment Advisors LLC owned approximately 0.09% of Franco-Nevada worth $19,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Covea Finance raised its holdings in Franco-Nevada by 2.7% in the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock worth $11,895,000 after purchasing an additional 2,700 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Franco-Nevada by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after buying an additional 16,029 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Franco-Nevada by 113.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock worth $601,000 after acquiring an additional 2,710 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Franco-Nevada during the third quarter valued at approximately $717,000. Finally, Tri Ri Asset Management Corp acquired a new stake in Franco-Nevada in the third quarter valued at approximately $3,433,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

FNV has been the topic of a number of recent analyst reports. StockNews.com raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. UBS Group raised their price target on Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Raymond James upped their price objective on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Finally, HC Wainwright lifted their target price on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $155.50.

Franco-Nevada Trading Down 1.2 %

NYSE FNV traded down $1.88 on Friday, hitting $155.36. 737,278 shares of the company's stock traded hands, compared to its average volume of 658,606. The firm's 50-day moving average price is $142.60 and its two-hundred day moving average price is $130.54. The firm has a market capitalization of $29.92 billion, a PE ratio of -49.16, a P/E/G ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $159.38.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) 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 firm posted $0.90 earnings per share. On average, research analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio is 53.15%.

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.