Tocqueville Asset Management L.P. Purchases 1,916 Shares of Franco-Nevada Co. (NYSE:FNV)

Tocqueville Asset Management L.P. grew its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,439 shares of the basic materials company's stock after buying an additional 1,916 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.08% of Franco-Nevada worth $18,748,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Huntington National Bank lifted its holdings in Franco-Nevada by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock worth $185,000 after purchasing an additional 102 shares during the last quarter. Natixis Advisors LLC lifted its stake 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 worth $2,535,000 after buying an additional 1,237 shares during the last quarter. Swiss National Bank lifted its stake in shares of Franco-Nevada by 0.8% in the third quarter. Swiss National Bank now owns 581,560 shares of the basic materials company's stock worth $72,347,000 after buying an additional 4,900 shares during the last quarter. Drive Wealth Management LLC grew its stake in Franco-Nevada by 11.9% in the 3rd quarter. Drive Wealth Management LLC now owns 3,355 shares of the basic materials company's stock valued at $417,000 after buying an additional 356 shares during the last quarter. Finally, Beddow Capital Management Inc. grew its stake in Franco-Nevada by 1.4% in the 3rd quarter. Beddow Capital Management Inc. now owns 57,882 shares of the basic materials company's stock valued at $7,192,000 after buying an additional 790 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FNV shares. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Wednesday. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Scotiabank upped their price target on Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a 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 stock an "outperform" rating in a research note on Tuesday, March 11th. Finally, UBS Group upped their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the company 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.63.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock traded up $0.32 during trading on Friday, hitting $155.85. 808,946 shares of the company's stock traded hands, compared to its average volume of 619,334. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $156.98. The company has a market cap of $30.01 billion, a PE ratio of -49.32, a PEG ratio of 9.78 and a beta of 0.73. The firm's fifty day moving average price is $139.06 and its 200 day moving average price is $128.98.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The company 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 company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. As a group, equities research analysts anticipate 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. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is currently 53.15%.

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.