Annex Advisory Services LLC Grows Position in Franco-Nevada Co. (NYSE:FNV)

Annex Advisory Services LLC lifted its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 24.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,404 shares of the basic materials company's stock after purchasing an additional 31,547 shares during the quarter. Annex Advisory Services LLC owned about 0.08% of Franco-Nevada worth $18,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Laurel Wealth Advisors LLC purchased a new position in Franco-Nevada during the 4th quarter valued at about $47,000. Sunbelt Securities Inc. boosted its holdings in 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 acquiring an additional 400 shares during the period. Point72 DIFC Ltd purchased a new position in Franco-Nevada during the 3rd quarter valued at about $52,000. Erste Asset Management GmbH purchased a new position in Franco-Nevada during the 3rd quarter valued at about $55,000. Finally, Birch Capital Management LLC boosted its holdings in Franco-Nevada by 37.9% during the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company's stock valued at $128,000 after acquiring an additional 298 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank lowered their target price on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a report on Friday, November 8th. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Jefferies Financial Group reduced their price target on Franco-Nevada from $137.00 to $136.00 and set a "hold" rating on the stock in a research report on Thursday, October 17th. Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Finally, Bank of America lowered Franco-Nevada from a "buy" rating to a "neutral" rating and reduced their price target for the company from $142.00 to $139.00 in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $145.33.

Franco-Nevada Price Performance

Shares of NYSE FNV traded up $1.00 during midday trading on Monday, hitting $125.81. 542,130 shares of the company's stock were exchanged, compared to its average volume of 521,496. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve month high of $137.60. The company has a market cap of $24.22 billion, a PE ratio of -39.81, a P/E/G ratio of 6.90 and a beta of 0.72. The firm's fifty day simple moving average is $120.87 and its 200-day simple moving average is $123.85.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $275.70 million for the quarter, compared to analyst estimates of $279.11 million. During the same period last year, the business posted $0.91 EPS. Franco-Nevada's revenue was down 10.9% on a year-over-year basis. Equities analysts anticipate that Franco-Nevada Co. will post 3.2 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, December 5th. Franco-Nevada's dividend payout ratio (DPR) is presently -45.57%.

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.