Franco-Nevada Co. (NYSE:FNV) Shares Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. raised its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 51.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,350 shares of the basic materials company's stock after acquiring an additional 6,235 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Franco-Nevada were worth $2,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in Franco-Nevada during the 4th quarter worth $47,000. Point72 DIFC Ltd purchased a new position in Franco-Nevada during the third quarter valued at approximately $52,000. Physician Wealth Advisors Inc. bought a new position in Franco-Nevada in the fourth quarter worth approximately $49,000. Erste Asset Management GmbH purchased a new stake in Franco-Nevada during the third quarter worth $55,000. Finally, Harbour Investments Inc. raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FNV. Royal Bank of Canada lifted their target price on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research note on Tuesday, March 11th. UBS Group increased their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Scotiabank lifted their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. Finally, HC Wainwright increased their price objective on Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Franco-Nevada has an average rating of "Moderate Buy" and an average target price of $157.88.

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Franco-Nevada Price Performance

Franco-Nevada stock traded down $13.86 during trading hours on Friday, hitting $144.86. 1,961,563 shares of the stock traded hands, compared to its average volume of 665,539. The firm's 50 day moving average price is $145.19 and its 200-day moving average price is $131.62. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of -45.84, a P/E/G 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 issued its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Franco-Nevada's revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, March 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. Franco-Nevada's payout ratio is currently 53.15%.

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.