Franco-Nevada Co. (NYSE:FNV) Shares Purchased by U S Global Investors Inc.

U S Global Investors Inc. increased its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,692 shares of the basic materials company's stock after purchasing an additional 5,208 shares during the period. Franco-Nevada makes up about 1.1% of U S Global Investors Inc.'s investment portfolio, making the stock its 22nd largest position. U S Global Investors Inc.'s holdings in Franco-Nevada were worth $11,393,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FNV. Mechanics Financial Corp boosted its stake in Franco-Nevada by 150.0% during the second quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company's stock worth $30,000 after buying an additional 150 shares during the period. Mather Group LLC. purchased a new position in Franco-Nevada during the second quarter worth $33,000. Kings Path Partners LLC purchased a new position in Franco-Nevada during the second quarter worth $36,000. Sunbelt Securities Inc. boosted its stake in Franco-Nevada by 3,333.3% during the second quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock worth $49,000 after buying an additional 400 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in Franco-Nevada by 33.3% during the first quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company's stock worth $52,000 after buying an additional 110 shares during the period. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Price Performance

NYSE:FNV traded up $3.22 during midday trading on Tuesday, hitting $135.95. The company's stock had a trading volume of 924,309 shares, compared to its average volume of 652,182. Franco-Nevada Co. has a fifty-two week low of $102.29 and a fifty-two week high of $140.38. The firm's 50 day moving average is $123.71 and its 200-day moving average is $122.90. The firm has a market cap of $26.16 billion, a P/E ratio of -54.61, a P/E/G ratio of 20.13 and a beta of 0.76.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Tuesday, August 13th. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The company had revenue of $260.10 million during the quarter, compared to analysts' expectations of $277.44 million. During the same quarter in the prior year, the company posted $0.95 EPS. The company's revenue for the quarter was down 21.2% on a year-over-year basis. As a group, analysts forecast that Franco-Nevada Co. will post 3.26 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.36 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.44 annualized dividend and a yield of 1.06%. Franco-Nevada's dividend payout ratio is presently -57.83%.

Analysts Set New Price Targets

FNV has been the subject of a number of research reports. TD Cowen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Bank of America downgraded shares of Franco-Nevada from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. StockNews.com upgraded shares of Franco-Nevada from a "sell" rating to a "hold" rating in a report on Thursday, August 22nd. HC Wainwright reiterated a "buy" rating and issued a $185.00 target price on shares of Franco-Nevada in a report on Friday, August 16th. Finally, Scotiabank boosted their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the stock a "sector perform" rating in a report on Monday, August 19th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $152.75.

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.