Franco-Nevada Co. (NYSE:FNV) Shares Acquired by Raymond James & Associates

Raymond James & Associates raised its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,263 shares of the basic materials company's stock after acquiring an additional 4,768 shares during the period. Raymond James & Associates owned approximately 0.10% of Franco-Nevada worth $23,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FNV. Allspring Global Investments Holdings LLC purchased a new position in shares of Franco-Nevada during the second quarter worth $276,446,000. M&G Plc acquired a new position in shares of Franco-Nevada in the 1st quarter valued at about $219,971,000. EdgePoint Investment Group Inc. boosted its stake in shares of Franco-Nevada by 68.1% in the first quarter. EdgePoint Investment Group Inc. now owns 2,759,677 shares of the basic materials company's stock worth $328,972,000 after buying an additional 1,117,523 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Franco-Nevada by 3,404.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 727,681 shares of the basic materials company's stock worth $86,287,000 after acquiring an additional 706,919 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Franco-Nevada during the first quarter valued at approximately $47,681,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FNV shares. HC Wainwright restated a "buy" rating and issued a $185.00 price objective on shares of Franco-Nevada in a research report on Friday, August 16th. TD Cowen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Bank of America cut shares of Franco-Nevada from a "buy" rating to a "neutral" rating and cut their price objective for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. Jefferies Financial Group lowered their target price on shares of Franco-Nevada from $137.00 to $136.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Finally, Scotiabank lifted their price target on Franco-Nevada from $141.00 to $142.00 and gave the company a "sector perform" rating in a research note on Monday, August 19th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Franco-Nevada has an average rating of "Moderate Buy" and a consensus target price of $152.75.

Franco-Nevada Stock Down 0.1 %

Shares of Franco-Nevada stock traded down $0.15 during mid-day trading on Friday, reaching $135.65. 595,306 shares of the stock traded hands, compared to its average volume of 655,493. The business has a 50-day moving average of $124.63 and a 200 day moving average of $123.18. The stock has a market capitalization of $26.10 billion, a PE ratio of -54.47, a PEG ratio of 20.13 and a beta of 0.76. Franco-Nevada Co. has a fifty-two week low of $102.29 and a fifty-two week high of $137.52.

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

Franco-Nevada Announces Dividend

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