Privium Fund Management B.V. Reduces Holdings in Franco-Nevada Co. (NYSE:FNV)

Privium Fund Management B.V. decreased its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 50.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,977 shares of the basic materials company's stock after selling 3,084 shares during the period. Privium Fund Management B.V.'s holdings in Franco-Nevada were worth $350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covea Finance grew its holdings in Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock worth $11,895,000 after acquiring an additional 2,700 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Franco-Nevada by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after purchasing an additional 16,029 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its stake in shares of Franco-Nevada by 1.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 935,834 shares of the basic materials company's stock worth $116,277,000 after purchasing an additional 17,232 shares during the period. Telemark Asset Management LLC increased its holdings in shares of Franco-Nevada by 66.7% during the 3rd quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company's stock valued at $6,212,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Franco-Nevada by 113.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock worth $601,000 after acquiring an additional 2,710 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Royal Bank of Canada increased their target price on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. HC Wainwright lifted their price target on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research report on Tuesday, March 11th. Finally, Raymond James lifted their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.63.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded up $0.32 during mid-day trading on Friday, reaching $155.85. The company's stock had a trading volume of 808,947 shares, compared to its average volume of 620,049. The stock has a market capitalization of $30.01 billion, a P/E ratio of -49.32, a P/E/G ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $156.82. The stock has a 50-day moving average of $139.63 and a two-hundred day moving average of $129.29.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business's revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. Analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is 53.15%.

Franco-Nevada 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.