Franco-Nevada Co. (NYSE:FNV) Shares Bought by Amundi

Amundi lifted its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 16.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 879,349 shares of the basic materials company's stock after buying an additional 123,122 shares during the period. Amundi owned approximately 0.46% of Franco-Nevada worth $111,985,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Meixler Investment Management Ltd. increased its holdings in Franco-Nevada by 2.9% in the 3rd quarter. Meixler Investment Management Ltd. now owns 22,086 shares of the basic materials company's stock valued at $2,744,000 after purchasing an additional 626 shares in the last quarter. Waverton Investment Management Ltd increased its holdings in Franco-Nevada by 2.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 5,405 shares of the basic materials company's stock valued at $671,000 after purchasing an additional 151 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Franco-Nevada by 13.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company's stock valued at $433,538,000 after purchasing an additional 424,810 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Franco-Nevada in the 3rd quarter valued at $1,850,000. Finally, Huntington National Bank increased its holdings in Franco-Nevada by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock valued at $185,000 after purchasing an additional 102 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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Franco-Nevada Stock Performance

Shares of FNV stock traded up $1.95 during trading hours on Tuesday, hitting $145.56. 973,339 shares of the company were exchanged, compared to its average volume of 614,761. Franco-Nevada Co. has a one year low of $111.98 and a one year high of $150.23. The business's 50-day simple moving average is $134.87 and its two-hundred day simple moving average is $127.60. The stock has a market capitalization of $28.03 billion, a price-to-earnings ratio of -46.06, a P/E/G ratio of 9.78 and a beta of 0.73.

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

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio (DPR) is currently 53.15%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FNV. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a report on Tuesday. StockNews.com upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Friday. Scotiabank upped their price objective on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a research report on Tuesday. HC Wainwright upped their price objective on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Five investment 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, Franco-Nevada currently has an average rating of "Moderate Buy" and an average target price of $153.63.

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.