Invesco Ltd. Increases Position in Franco-Nevada Co. (NYSE:FNV)

Invesco Ltd. increased its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 28.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 450,442 shares of the basic materials company's stock after purchasing an additional 99,842 shares during the period. Invesco Ltd. owned 0.23% of Franco-Nevada worth $52,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in FNV. Essex Financial Services Inc. grew its holdings in shares of 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 buying an additional 84 shares in the last quarter. Harbour Investments Inc. lifted its stake in Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after purchasing an additional 93 shares in the last quarter. Mutual Advisors LLC grew its stake in shares of Franco-Nevada by 4.0% in the fourth quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock valued at $309,000 after buying an additional 96 shares in the last quarter. Sustainable Insight Capital Management LLC grew its stake in shares of Franco-Nevada by 2.7% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock valued at $441,000 after buying an additional 100 shares in the last quarter. Finally, Blossom Wealth Management grew its position in Franco-Nevada by 3.9% in the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock valued at $335,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Stock Up 2.0 %

Shares of NYSE:FNV traded up $3.49 during trading on Monday, reaching $174.58. The stock had a trading volume of 223,189 shares, compared to its average volume of 690,665. The business has a fifty day moving average price of $150.39 and a 200-day moving average price of $134.39. The stock has a market cap of $33.62 billion, a P/E ratio of -55.27, a PEG ratio of 9.78 and a beta of 0.68. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $178.64.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted 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 for the quarter, compared to analyst estimates of $304.33 million. During the same quarter last year, the firm posted $0.90 earnings per share. Franco-Nevada's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.38 dividend. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.87%. Franco-Nevada's dividend payout ratio is presently 53.15%.

Analyst Ratings Changes

Several equities analysts have commented on FNV shares. Raymond James boosted their price target on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank increased their target price on Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. BMO Capital Markets initiated coverage on Franco-Nevada in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. UBS Group increased their price target on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $162.25.

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.