St. James Investment Company LLC Increases Stake in Franco-Nevada Co. (NYSE:FNV)

St. James Investment Company LLC increased its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 33.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,081 shares of the basic materials company's stock after buying an additional 42,808 shares during the period. Franco-Nevada accounts for 3.5% of St. James Investment Company LLC's portfolio, making the stock its 13th largest position. St. James Investment Company LLC owned approximately 0.09% of Franco-Nevada worth $20,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of Franco-Nevada by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 407,137 shares of the basic materials company's stock worth $50,623,000 after buying an additional 19,589 shares during the period. Citigroup Inc. raised its stake in Franco-Nevada by 33.1% during the third quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company's stock valued at $4,565,000 after buying an additional 9,119 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Franco-Nevada by 28.4% during the third quarter. Cerity Partners LLC now owns 3,581 shares of the basic materials company's stock valued at $445,000 after acquiring an additional 791 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Franco-Nevada by 8.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,489 shares of the basic materials company's stock worth $11,127,000 after purchasing an additional 6,676 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in Franco-Nevada during the 3rd quarter valued at about $151,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FNV shares. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a report on Tuesday, March 11th. StockNews.com upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. HC Wainwright increased their price objective on Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, March 26th. Royal Bank of Canada boosted their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. Finally, Raymond James lifted their price target on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $155.50.

Franco-Nevada Trading Down 6.2 %

Franco-Nevada stock traded down $9.80 during trading on Friday, reaching $148.92. The company had a trading volume of 582,550 shares, compared to its average volume of 660,146. The firm's 50-day simple moving average is $144.90 and its 200 day simple moving average is $131.43. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $161.36. The firm has a market capitalization of $28.68 billion, a price-to-earnings ratio of -47.01, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (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 company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. During the same period in the previous year, the company posted $0.90 EPS. The firm's revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 13th. 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 yield of 1.02%. Franco-Nevada's dividend payout ratio (DPR) 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.