Envestnet Portfolio Solutions Inc. Has $1.35 Million Holdings in Franco-Nevada Co. (NYSE:FNV)

Envestnet Portfolio Solutions Inc. grew its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 41.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,484 shares of the basic materials company's stock after purchasing an additional 3,341 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Franco-Nevada were worth $1,350,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Franco-Nevada by 76.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company's stock worth $159,530,000 after acquiring an additional 556,894 shares in the last quarter. EdgePoint Investment Group Inc. grew its holdings in shares of Franco-Nevada by 19.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company's stock valued at $411,003,000 after purchasing an additional 537,047 shares during the last quarter. Proficio Capital Partners LLC increased its position in 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 in the last quarter. Bennbridge Ltd bought a new position in Franco-Nevada in the 4th quarter valued at approximately $45,877,000. Finally, Two Sigma Advisers LP boosted its position in Franco-Nevada by 60.1% in the third quarter. Two Sigma Advisers LP now owns 958,300 shares of the basic materials company's stock valued at $119,069,000 after buying an additional 359,900 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

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Analyst Upgrades and Downgrades

FNV has been the subject of several research reports. TD Securities downgraded 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. Raymond James raised their price objective on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Royal Bank of Canada lifted their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Finally, UBS Group boosted their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $155.50.

Franco-Nevada Trading Down 1.7 %

NYSE FNV traded down $2.63 on Wednesday, hitting $153.19. 481,503 shares of the company were exchanged, compared to its average volume of 622,133. Franco-Nevada Co. has a 12 month low of $112.70 and a 12 month high of $158.52. The company has a market cap of $29.50 billion, a PE ratio of -48.48, a PEG ratio of 9.78 and a beta of 0.73. The stock has a fifty day moving average of $140.84 and a 200-day moving average of $129.88.

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 the consensus estimate 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 company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. During the same period last year, the business posted $0.90 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts expect that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.38 dividend. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) is currently 53.15%.

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.