Swiss National Bank lowered its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 558,760 shares of the basic materials company's stock after selling 22,800 shares during the period. Swiss National Bank owned 0.29% of Franco-Nevada worth $65,630,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in Franco-Nevada in the fourth quarter valued at $47,000. Point72 DIFC Ltd bought a new stake in shares of Franco-Nevada during the 3rd quarter valued at $52,000. Erste Asset Management GmbH bought a new stake in shares of Franco-Nevada during the 3rd quarter valued at $55,000. SBI Securities Co. Ltd. bought a new stake in shares of Franco-Nevada during the 4th quarter valued at $73,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Franco-Nevada by 25.6% during the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock valued at $73,000 after buying an additional 126 shares in the last quarter. Institutional investors own 77.06% of the company's stock.
Franco-Nevada Trading Down 0.0 %
NYSE:FNV traded down $0.02 during mid-day trading on Wednesday, reaching $154.26. The company's stock had a trading volume of 590,926 shares, compared to its average volume of 617,467. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $156.82. The firm's fifty day moving average price is $137.96 and its two-hundred day moving average price is $128.62. The stock has a market cap of $29.70 billion, a P/E ratio of -48.82, a PEG ratio of 9.78 and a beta of 0.73.
Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its 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 during the quarter, compared to analyst estimates of $304.33 million. During the same quarter in the previous year, the firm earned $0.90 EPS. Franco-Nevada's revenue was up 5.8% on a year-over-year basis. Analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.
Franco-Nevada Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.38 dividend. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. Franco-Nevada's payout ratio is 53.15%.
Analyst Ratings Changes
A number of brokerages have recently commented on FNV. TD Securities cut 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. HC Wainwright boosted their target price on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Wednesday. Scotiabank boosted their target price on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Finally, UBS Group lifted 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. Five research 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 presently has a consensus rating of "Moderate Buy" and an average target price of $153.63.
Check Out Our Latest Stock Analysis on Franco-Nevada
Franco-Nevada Profile
(
Free Report)
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.
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