Duality Advisers LP Has $3.64 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Duality Advisers LP grew its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 33.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,558 shares of the basic materials company's stock after acquiring an additional 7,654 shares during the period. Duality Advisers LP's holdings in Franco-Nevada were worth $3,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its position in shares of Franco-Nevada by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,008,095 shares of the basic materials company's stock worth $1,219,807,000 after purchasing an additional 566,539 shares during the last quarter. FIL Ltd lifted its position in shares of Franco-Nevada by 7.8% during the 4th quarter. FIL Ltd now owns 9,079,951 shares of the basic materials company's stock worth $1,005,852,000 after purchasing an additional 659,324 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Franco-Nevada by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 8,778,127 shares of the basic materials company's stock worth $972,707,000 after purchasing an additional 789,070 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Franco-Nevada by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 7,244,210 shares of the basic materials company's stock worth $802,731,000 after purchasing an additional 139,826 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of Franco-Nevada by 45.8% during the 4th quarter. Capital World Investors now owns 4,477,105 shares of the basic materials company's stock worth $495,909,000 after purchasing an additional 1,405,731 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FNV shares. HC Wainwright lifted their price objective on shares of Franco-Nevada from $175.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Raymond James boosted their price target on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, April 11th. Jefferies Financial Group boosted their price target on shares of Franco-Nevada from $129.00 to $133.00 and gave the company a "hold" rating in a research report on Friday. Bank of America boosted their price target on shares of Franco-Nevada from $141.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, June 26th. Finally, Scotiabank boosted their price target on shares of Franco-Nevada from $140.00 to $141.00 and gave the company a "sector perform" rating in a research report on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $152.33.

Franco-Nevada Trading Up 1.3 %

Shares of Franco-Nevada stock traded up $1.67 on Friday, reaching $129.12. 382,550 shares of the stock were exchanged, compared to its average volume of 682,504. Franco-Nevada Co. has a 1-year low of $102.29 and a 1-year high of $149.06. The business has a fifty day moving average price of $122.17 and a two-hundred day moving average price of $116.10. The firm has a market capitalization of $24.85 billion, a PE ratio of -51.43, a PEG ratio of 23.63 and a beta of 0.74.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.08. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. The business had revenue of $256.80 million for the quarter, compared to analyst estimates of $250.50 million. During the same period in the previous year, the business posted $0.79 earnings per share. The business's revenue was down 7.1% compared to the same quarter last year. Research analysts expect that Franco-Nevada Co. will post 3.2 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.44 annualized dividend and a yield of 1.12%. Franco-Nevada's payout ratio is currently -57.83%.

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.