Aviso Financial Inc. Acquires 2,992 Shares of Franco-Nevada Co. (NYSE:FNV)

Aviso Financial Inc. boosted its holdings in 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 fund owned 94,853 shares of the basic materials company's stock after buying an additional 2,992 shares during the quarter. Aviso Financial Inc.'s holdings in Franco-Nevada were worth $11,144,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FNV. Essex Financial Services Inc. raised its stake in shares of Franco-Nevada by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock valued at $458,000 after acquiring an additional 84 shares during the last quarter. Mutual Advisors LLC increased its holdings in Franco-Nevada by 4.0% in the fourth quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock valued at $309,000 after purchasing an additional 96 shares during the period. Sustainable Insight Capital Management LLC raised its position in Franco-Nevada by 2.7% during the 4th quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock worth $441,000 after purchasing an additional 100 shares during the last quarter. Huntington National Bank lifted its holdings in Franco-Nevada by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock worth $185,000 after buying an additional 102 shares during the period. Finally, Blossom Wealth Management grew its position in shares of Franco-Nevada by 3.9% in the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock valued at $335,000 after buying an additional 108 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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Franco-Nevada Stock Performance

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

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 for the quarter, topping 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 business had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. During the same period in the prior year, the business earned $0.90 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.38 dividend. 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 dividend yield of 0.99%. The ex-dividend date is Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) is currently 53.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FNV shares. UBS Group raised their price objective on Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Scotiabank boosted their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. TD Securities lowered shares of 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. Finally, Royal Bank of Canada upped their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Franco-Nevada currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.63.

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.