Euro Pacific Asset Management LLC Increases Position in Franco-Nevada Co. (NYSE:FNV)

Euro Pacific Asset Management LLC raised its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,912 shares of the basic materials company's stock after buying an additional 4,733 shares during the period. Franco-Nevada accounts for approximately 5.8% of Euro Pacific Asset Management LLC's portfolio, making the stock its 4th biggest holding. Euro Pacific Asset Management LLC owned 0.12% of Franco-Nevada worth $27,046,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FNV. Laurel Wealth Advisors LLC bought a new position in Franco-Nevada during the fourth quarter worth $47,000. Sunbelt Securities Inc. increased its holdings in shares of Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock worth $49,000 after purchasing an additional 400 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Franco-Nevada during the third quarter valued at about $52,000. Erste Asset Management GmbH bought a new stake in shares of Franco-Nevada in the third quarter valued at about $55,000. Finally, Birch Capital Management LLC grew its position in Franco-Nevada by 37.9% during the fourth quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company's stock worth $128,000 after buying an additional 298 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Up 0.6 %

NYSE:FNV traded up $0.75 during trading hours on Friday, hitting $130.18. 344,092 shares of the stock were exchanged, compared to its average volume of 504,948. The company has a market capitalization of $25.06 billion, a P/E ratio of -41.20, a price-to-earnings-growth ratio of 7.08 and a beta of 0.72. The company's 50 day moving average is $122.29 and its two-hundred day moving average is $124.05. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve month high of $137.60.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative net margin of 55.28% and a positive return on equity of 10.55%. Franco-Nevada's revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. On average, equities research analysts expect that Franco-Nevada Co. will post 3.18 EPS for the current year.

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.36 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. Franco-Nevada's payout ratio is presently -45.57%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America cut Franco-Nevada from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $142.00 to $139.00 in a research report on Tuesday, October 1st. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Jefferies Financial Group decreased their price objective on Franco-Nevada from $137.00 to $136.00 and set a "hold" rating on the stock in a report on Thursday, October 17th. Finally, UBS Group started coverage on Franco-Nevada in a report on Monday, November 18th. They issued a "buy" rating and a $160.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Franco-Nevada has a consensus rating of "Moderate Buy" and a consensus target price of $145.33.

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.