Global View Capital Management LLC Takes $392,000 Position in Franco-Nevada Co. (NYSE:FNV)

Global View Capital Management LLC purchased a new stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,240 shares of the basic materials company's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meixler Investment Management Ltd. grew its stake in shares of Franco-Nevada by 2.9% in the 3rd quarter. Meixler Investment Management Ltd. now owns 22,086 shares of the basic materials company's stock worth $2,744,000 after buying an additional 626 shares during the last quarter. Waverton Investment Management Ltd grew its stake in shares of Franco-Nevada by 2.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 5,405 shares of the basic materials company's stock worth $671,000 after buying an additional 151 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Franco-Nevada by 13.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company's stock worth $433,538,000 after buying an additional 424,810 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Franco-Nevada in the 3rd quarter worth approximately $1,850,000. Finally, Huntington National Bank grew its stake in shares of Franco-Nevada by 7.4% in 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 last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently weighed in on the company. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Royal Bank of Canada upped their price target on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. Scotiabank upped their price target on Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Tuesday. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research note on Tuesday. 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.63.

Franco-Nevada Stock Up 2.2 %

Shares of Franco-Nevada stock traded up $3.32 on Friday, reaching $153.45. The company's stock had a trading volume of 1,148,051 shares, compared to its average volume of 619,850. The company has a market capitalization of $29.55 billion, a price-to-earnings ratio of -48.56, a P/E/G ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $156.15. The firm's fifty day simple moving average is $136.05 and its two-hundred day simple moving average is $127.90.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. As a group, research analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. This is an increase 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 of this dividend is Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) is 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.