Franco-Nevada Co. (NYSE:FNV) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings 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 13F filing with the Securities & Exchange Commission. The fund owned 423,166 shares of the basic materials company's stock after purchasing an additional 16,029 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.22% of Franco-Nevada worth $49,702,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in Franco-Nevada in the 4th quarter valued at about $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada during the third quarter worth approximately $52,000. Erste Asset Management GmbH acquired a new stake in Franco-Nevada in the third quarter valued at approximately $55,000. SBI Securities Co. Ltd. purchased a new position in Franco-Nevada in the fourth quarter worth approximately $73,000. Finally, Jones Financial Companies Lllp grew its holdings in Franco-Nevada by 25.6% during the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock worth $73,000 after acquiring an additional 126 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FNV. HC Wainwright raised their price objective 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. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Raymond James upped their price objective on Franco-Nevada from $160.00 to $162.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. UBS Group raised their target price on Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Finally, StockNews.com raised Franco-Nevada from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $153.63.

Remove Ads

Franco-Nevada Stock Performance

NYSE FNV traded up $0.91 on Monday, reaching $154.26. The stock had a trading volume of 830,684 shares, compared to its average volume of 752,668. The stock has a market cap of $29.70 billion, a P/E ratio of -48.82, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The business's 50-day moving average price is $136.67 and its 200 day moving average price is $128.16. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $155.97.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS 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 during the quarter, compared to the consensus estimate of $304.33 million. During the same quarter in the prior year, the firm earned $0.90 EPS. Franco-Nevada's revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio (DPR) is currently 53.15%.

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.