Forsta AP Fonden Has $4.79 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Forsta AP Fonden increased its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 11.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,500 shares of the basic materials company's stock after acquiring an additional 4,100 shares during the period. Forsta AP Fonden's holdings in Franco-Nevada were worth $4,787,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FNV. Tempus Wealth Planning LLC bought a new position in Franco-Nevada in the 1st quarter valued at $472,000. Maryland State Retirement & Pension System boosted its position in Franco-Nevada by 52.6% in the 1st quarter. Maryland State Retirement & Pension System now owns 10,013 shares of the basic materials company's stock valued at $1,191,000 after buying an additional 3,452 shares during the last quarter. Principal Financial Group Inc. boosted its position in Franco-Nevada by 15.0% in the 1st quarter. Principal Financial Group Inc. now owns 68,263 shares of the basic materials company's stock valued at $8,142,000 after buying an additional 8,906 shares during the last quarter. Private Advisor Group LLC boosted its position in Franco-Nevada by 7.1% in the 1st quarter. Private Advisor Group LLC now owns 22,964 shares of the basic materials company's stock valued at $2,736,000 after buying an additional 1,518 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co bought a new position in Franco-Nevada in the 1st quarter valued at $204,000. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Cowen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. HC Wainwright reissued a "buy" rating and issued a $185.00 price target on shares of Franco-Nevada in a research note on Friday, August 16th. TD Securities raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Bank of America downgraded Franco-Nevada from a "buy" rating to a "neutral" rating and cut their price target for the company from $142.00 to $139.00 in a research note on Tuesday, October 1st. Finally, Scotiabank increased 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $152.75.

Franco-Nevada Stock Up 0.9 %

Franco-Nevada stock traded up $1.24 during mid-day trading on Tuesday, hitting $137.22. 506,357 shares of the company's stock were exchanged, compared to its average volume of 653,763. The firm has a market capitalization of $26.40 billion, a P/E ratio of -55.11, a PEG ratio of 22.67 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 $137.60. The company's 50 day simple moving average is $125.41 and its 200-day simple moving average is $123.54.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued 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). The business had revenue of $260.10 million for the quarter, compared to analyst estimates of $277.44 million. Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The business's quarterly revenue was down 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 EPS. Research analysts expect that Franco-Nevada Co. will post 3.26 EPS for the current year.

Franco-Nevada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, September 12th. Franco-Nevada's payout ratio is -57.83%.

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.