First Eagle Investment Management LLC Boosts Stock Position in Franco-Nevada Co. (NYSE:FNV)

First Eagle Investment Management LLC raised its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,366,544 shares of the basic materials company's stock after buying an additional 107,043 shares during the quarter. First Eagle Investment Management LLC owned about 1.75% of Franco-Nevada worth $395,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Plato Investment Management Ltd purchased a new position in shares of Franco-Nevada in the third quarter valued at $1,850,000. Huntington National Bank grew its holdings in shares of Franco-Nevada by 7.4% in the third quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock valued at $185,000 after purchasing an additional 102 shares in the last quarter. Aubrey Capital Management Ltd grew its holdings in shares of Franco-Nevada by 26.6% in the third quarter. Aubrey Capital Management Ltd now owns 9,253 shares of the basic materials company's stock valued at $1,149,000 after purchasing an additional 1,942 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Franco-Nevada by 22.7% in the third quarter. Metis Global Partners LLC now owns 15,153 shares of the basic materials company's stock valued at $1,882,000 after purchasing an additional 2,807 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Franco-Nevada by 6.5% in the third quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company's stock valued at $2,535,000 after purchasing an additional 1,237 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

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Franco-Nevada Trading Up 0.2 %

Shares of Franco-Nevada stock traded up $0.23 during trading on Tuesday, hitting $154.31. 701,565 shares of the stock traded hands, compared to its average volume of 618,989. The firm has a market cap of $29.71 billion, a P/E ratio of -48.83, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $157.64. The stock's fifty day simple moving average is $137.34 and its 200 day simple moving average is $128.39.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly 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. The firm had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, equities analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is 53.15%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FNV shares. HC Wainwright raised their price target on Franco-Nevada from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a research report on Tuesday, March 11th. UBS Group raised their price target on Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Royal Bank of Canada raised their price target 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, Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Five 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.63.

About Franco-Nevada

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.