133,310 Shares in Franco-Nevada Co. (NYSE:FNV) Acquired by Groupama Asset Managment

Groupama Asset Managment bought a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 133,310 shares of the basic materials company's stock, valued at approximately $15,592,000. Groupama Asset Managment owned 0.07% of Franco-Nevada at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Essex Financial Services Inc. grew its holdings in 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 worth $458,000 after acquiring an additional 84 shares during the period. Harbour Investments Inc. grew its stake in shares of Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after purchasing an additional 93 shares during the period. Mutual Advisors LLC increased its holdings in shares of Franco-Nevada by 4.0% in the 4th 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 in the last quarter. Sustainable Insight Capital Management LLC increased its holdings in shares of Franco-Nevada by 2.7% in the 4th 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 in the last quarter. Finally, Blossom Wealth Management lifted its stake in shares of Franco-Nevada by 3.9% in the fourth quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock valued at $335,000 after purchasing an additional 108 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

FNV has been the subject of a number of research analyst reports. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a report on Tuesday, March 11th. Royal Bank of Canada raised their price objective on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Scotiabank lifted 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. Raymond James upped their target price on Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a report on Friday. 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 note on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $157.88.

Franco-Nevada Price Performance

NYSE:FNV traded down $13.86 on Friday, reaching $144.86. The stock had a trading volume of 1,961,563 shares, compared to its average volume of 665,558. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $161.36. The company has a market cap of $27.89 billion, a price-to-earnings ratio of -45.84, a P/E/G ratio of 9.78 and a beta of 0.73. The firm's fifty day moving average is $145.19 and its two-hundred day moving average is $131.57.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The business had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 earnings per share. As a group, research analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.38 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is currently 53.15%.

Franco-Nevada 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.