Aviva PLC Boosts Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Aviva PLC grew its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 1,495.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,786 shares of the basic materials company's stock after purchasing an additional 108,528 shares during the period. Aviva PLC owned about 0.06% of Franco-Nevada worth $13,579,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FNV. Laurel Wealth Advisors LLC purchased a new stake in Franco-Nevada during the fourth quarter valued at about $47,000. Physician Wealth Advisors Inc. bought a new position in Franco-Nevada during the 4th quarter worth approximately $49,000. Point72 DIFC Ltd bought a new stake in Franco-Nevada during the 3rd quarter valued at $52,000. Harbour Investments Inc. grew its holdings in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after acquiring an additional 93 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Franco-Nevada in the fourth quarter valued at about $73,000. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock traded up $8.65 during trading on Friday, hitting $166.13. The company's stock had a trading volume of 2,125,418 shares, compared to its average volume of 684,077. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $167.36. The company has a market capitalization of $31.99 billion, a PE ratio of -52.57, a P/E/G ratio of 9.78 and a beta of 0.68. The company has a fifty day simple moving average of $147.54 and a two-hundred day simple moving average of $132.76.

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Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $304.33 million. During the same quarter last year, the firm earned $0.90 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.91%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date was Thursday, March 13th. Franco-Nevada's payout ratio is 53.15%.

Wall Street Analysts Forecast Growth

FNV has been the topic of several recent analyst reports. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 2nd. StockNews.com raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. HC Wainwright raised their price target on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, March 26th. Royal Bank of Canada boosted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. Finally, TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Franco-Nevada presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.38.

Franco-Nevada Company 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.