Franco-Nevada Co. (NYSE:FNV) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 246.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,164,394 shares of the basic materials company's stock after buying an additional 828,166 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.60% of Franco-Nevada worth $136,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNV. Essex Financial Services Inc. increased its position in Franco-Nevada by 2.2% during the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock worth $458,000 after purchasing an additional 84 shares in the last quarter. Harbour Investments Inc. increased its holdings in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Franco-Nevada by 4.0% during the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock valued at $309,000 after buying an additional 96 shares during the period. Sustainable Insight Capital Management LLC raised its stake in shares of Franco-Nevada by 2.7% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock valued at $441,000 after purchasing an additional 100 shares during the period. Finally, Blossom Wealth Management increased its stake in Franco-Nevada by 3.9% during the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock worth $335,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

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Franco-Nevada Stock Down 8.7 %

NYSE FNV traded down $13.86 during trading hours on Friday, hitting $144.86. The company had a trading volume of 1,961,563 shares, compared to its average volume of 665,558. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $161.36. The firm has a market cap of $27.89 billion, a P/E ratio of -45.84, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The business has a fifty day simple moving average of $145.19 and a 200-day simple moving average of $131.57.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued 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. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. During the same period last year, the firm posted $0.90 EPS. Franco-Nevada's quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date was Thursday, March 13th. Franco-Nevada's dividend payout ratio is 53.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FNV shares. StockNews.com raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. TD Securities lowered 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. HC Wainwright upped their price target 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 lifted their price objective 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 increased their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $157.88.

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.