Intellus Advisors LLC Acquires New Stake in Franco-Nevada Co. (NYSE:FNV)

Intellus Advisors LLC purchased a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 99,533 shares of the basic materials company's stock, valued at approximately $11,704,000. Franco-Nevada makes up 2.0% of Intellus Advisors LLC's investment portfolio, making the stock its 19th biggest position. Intellus Advisors LLC owned approximately 0.05% of Franco-Nevada as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNV. Natixis Advisors LLC grew its holdings in shares of Franco-Nevada by 6.5% in the third quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company's stock valued at $2,535,000 after purchasing an additional 1,237 shares during the period. Charles Schwab Investment Management Inc. grew its position in Franco-Nevada by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 407,137 shares of the basic materials company's stock valued at $50,623,000 after acquiring an additional 19,589 shares in the last quarter. Citigroup Inc. lifted its holdings in Franco-Nevada by 33.1% during the 3rd quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company's stock worth $4,565,000 after buying an additional 9,119 shares in the last quarter. Telemark Asset Management LLC raised its stake in shares of Franco-Nevada by 66.7% in the third quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company's stock valued at $6,212,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Franco-Nevada during the third quarter worth about $158,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FNV shares. Royal Bank of Canada boosted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. StockNews.com raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Raymond James upped their price objective on shares of 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 boosted 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, TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $155.50.

Franco-Nevada Stock Down 1.7 %

NYSE FNV traded down $2.63 during trading hours on Wednesday, hitting $153.19. The company had a trading volume of 488,246 shares, compared to its average volume of 622,810. The firm has a market cap of $29.50 billion, a P/E ratio of -48.48, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $158.52. The business has a fifty day simple moving average of $141.36 and a 200-day simple moving average of $130.04.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share 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 for the quarter, compared to the consensus estimate of $304.33 million. During the same period last year, the firm posted $0.90 EPS. Franco-Nevada's quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.38 per share. 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. The ex-dividend date is Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) is 53.15%.

About Franco-Nevada

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.