Integrated Advisors Network LLC Invests $495,000 in Franco-Nevada Co. (NYSE:FNV)

Integrated Advisors Network LLC acquired a new position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,985 shares of the basic materials company's stock, valued at approximately $495,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Graham Capital Wealth Management LLC raised its position in shares of Franco-Nevada by 0.4% during the 2nd quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company's stock worth $2,511,000 after purchasing an additional 86 shares during the last quarter. Meixler Investment Management Ltd. raised its holdings in shares of Franco-Nevada by 0.5% in the second quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company's stock worth $2,543,000 after acquiring an additional 101 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Franco-Nevada by 0.5% in the second quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company's stock valued at $2,272,000 after acquiring an additional 101 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Franco-Nevada by 33.3% in the first quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 110 shares in the last quarter. Finally, Primoris Wealth Advisors LLC boosted its stake in shares of Franco-Nevada by 4.7% during the second quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company's stock valued at $293,000 after acquiring an additional 112 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FNV. HC Wainwright restated a "buy" rating and issued a $185.00 target price on shares of Franco-Nevada in a report on Friday, August 16th. TD Cowen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Scotiabank boosted their price target on Franco-Nevada from $141.00 to $142.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. Bank of America cut Franco-Nevada from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. Finally, TD Securities raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $152.75.

Franco-Nevada Trading Down 0.7 %

NYSE:FNV traded down $0.95 on Friday, hitting $131.71. 503,107 shares of the stock were exchanged, compared to its average volume of 651,475. The stock has a fifty day moving average of $125.86 and a 200-day moving average of $123.70. The stock has a market cap of $25.35 billion, a PE ratio of -43.33, a PEG ratio of 22.79 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.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results 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 negative net margin of 51.64% and a positive return on equity of 10.56%. The business 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 quarterly revenue was down 21.2% on a year-over-year basis. As a group, analysts predict that Franco-Nevada Co. will post 3.25 earnings per share 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. This represents a $1.44 annualized dividend and a yield of 1.09%. The ex-dividend date was Thursday, September 12th. Franco-Nevada's dividend payout ratio (DPR) is presently -47.37%.

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.