Franco-Nevada Co. (NYSE:FNV) Holdings Lifted by Bank of Montreal Can

Bank of Montreal Can raised its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,300,880 shares of the basic materials company's stock after buying an additional 15,273 shares during the period. Bank of Montreal Can owned about 2.75% of Franco-Nevada worth $622,124,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Essex Financial Services Inc. raised its holdings in shares of 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 valued at $458,000 after buying an additional 84 shares during the period. Harbour Investments Inc. raised its stake in shares of Franco-Nevada by 25.8% during the fourth 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 during the period. Mutual Advisors LLC lifted its position in shares of Franco-Nevada by 4.0% during the fourth quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock worth $309,000 after purchasing an additional 96 shares in the last quarter. Sustainable Insight Capital Management LLC boosted its stake in shares of Franco-Nevada by 2.7% in 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 grew its stake in shares of Franco-Nevada by 3.9% during the fourth quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock valued at $335,000 after acquiring an additional 108 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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Franco-Nevada Trading Up 5.5 %

NYSE:FNV traded up $8.65 during mid-day trading on Friday, reaching $166.13. 2,125,418 shares of the stock were exchanged, compared to its average volume of 686,710. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $167.36. The business has a fifty day moving average price of $147.54 and a 200 day moving average price of $132.73. The firm has a market capitalization of $31.99 billion, a PE ratio of -52.57, a PEG ratio of 9.78 and a beta of 0.68.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping 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 negative net margin of 55.28% and a positive return on equity of 10.55%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. On average, sell-side analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently disclosed 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. This represents a $1.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is presently 53.15%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. UBS Group upped their target price on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 2nd. Scotiabank increased their price objective on Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. Finally, Raymond James raised their target price on Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.38.

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.