DF Dent & Co. Inc. Has $2.88 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

DF Dent & Co. Inc. grew its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 42.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,210 shares of the basic materials company's stock after buying an additional 6,875 shares during the period. DF Dent & Co. Inc.'s holdings in Franco-Nevada were worth $2,884,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI lifted its holdings in Franco-Nevada by 2.2% in the third quarter. National Bank of Canada FI now owns 1,380,730 shares of the basic materials company's stock worth $171,513,000 after acquiring an additional 29,512 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Franco-Nevada by 8.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 2,183 shares of the basic materials company's stock worth $271,000 after purchasing an additional 175 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in shares of Franco-Nevada by 19.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company's stock worth $411,003,000 after purchasing an additional 537,047 shares during the last quarter. Wahed Invest LLC boosted its position in Franco-Nevada by 13.5% during the 3rd quarter. Wahed Invest LLC now owns 2,564 shares of the basic materials company's stock valued at $319,000 after purchasing an additional 305 shares during the period. Finally, Two Sigma Advisers LP grew its stake in Franco-Nevada by 60.1% during the 3rd quarter. Two Sigma Advisers LP now owns 958,300 shares of the basic materials company's stock worth $119,069,000 after buying an additional 359,900 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. TD Cowen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Scotiabank reduced their price objective on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a research report on Friday, November 8th. Finally, UBS Group assumed coverage on Franco-Nevada in a research report on Monday, November 18th. They issued a "buy" rating and a $160.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.83.

Franco-Nevada Trading Down 2.3 %

NYSE:FNV traded down $2.88 during midday trading on Friday, hitting $120.65. 658,211 shares of the stock were exchanged, compared to its average volume of 788,194. The business has a 50-day moving average price of $125.21 and a two-hundred day moving average price of $123.53. The company has a market capitalization of $23.22 billion, a price-to-earnings ratio of -38.18 and a beta of 0.72. Franco-Nevada Co. has a one year low of $102.29 and a one year high of $137.60.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03). The firm had revenue of $275.70 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. Sell-side analysts forecast that Franco-Nevada Co. will post 3.22 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.19%. Franco-Nevada's dividend payout ratio is currently -45.57%.

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.