DF Dent & Co. Inc. decreased its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 29.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,335 shares of the basic materials company's stock after selling 6,875 shares during the quarter. DF Dent & Co. Inc.'s holdings in Franco-Nevada were worth $1,921,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in FNV. Norges Bank purchased a new stake in shares of Franco-Nevada in the fourth quarter worth about $237,643,000. Arrowstreet Capital Limited Partnership raised its stake in Franco-Nevada by 246.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock valued at $136,796,000 after purchasing an additional 828,166 shares during the last quarter. EdgePoint Investment Group Inc. lifted its stake in shares of Franco-Nevada by 19.4% in the third quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company's stock worth $411,003,000 after buying an additional 537,047 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Franco-Nevada by 11,659.0% during the 4th quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company's stock worth $56,762,000 after purchasing an additional 478,602 shares during the last quarter. Finally, Bennbridge Ltd acquired a new position in Franco-Nevada during the fourth quarter worth $45,877,000. 77.06% of the stock is owned by hedge funds and other institutional investors.
Franco-Nevada Price Performance
Shares of FNV stock traded up $7.09 during midday trading on Wednesday, reaching $150.13. 1,883,719 shares of the company traded hands, compared to its average volume of 675,889. The firm's 50 day simple moving average is $146.56 and its two-hundred day simple moving average is $132.28. The firm has a market cap of $28.91 billion, a PE ratio of -47.51, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $161.36.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The company had revenue of $321.00 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. As a group, 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 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 dividend on an annualized basis and a yield of 1.01%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 13th. Franco-Nevada's dividend payout ratio is 53.15%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on FNV. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 2nd. UBS Group increased their price target on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Raymond James lifted their target price on Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Finally, Scotiabank upped their price objective on Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.88.
View Our Latest Research Report on FNV
About Franco-Nevada
(
Free Report)
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.
Featured Stories
Before you consider Franco-Nevada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franco-Nevada wasn't on the list.
While Franco-Nevada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
