Stifel Financial Corp Has $4.97 Million Stock Position in Franco-Nevada Co. (NYSE:FNV)

Stifel Financial Corp raised its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 60.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 40,012 shares of the basic materials company's stock after purchasing an additional 15,008 shares during the period. Stifel Financial Corp's holdings in Franco-Nevada were worth $4,972,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FNV. Mechanics Financial Corp lifted its holdings in Franco-Nevada by 150.0% during the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Kings Path Partners LLC purchased a new position in shares of Franco-Nevada during the second quarter valued at approximately $36,000. Sunbelt Securities Inc. lifted its position 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 valued at $49,000 after purchasing an additional 400 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Franco-Nevada in the 3rd quarter worth $52,000. Finally, Erste Asset Management GmbH bought a new position in shares of Franco-Nevada during the third quarter valued at approximately $55,000. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com upgraded Franco-Nevada from a "sell" rating to a "hold" rating in a research note on Thursday, August 22nd. Scotiabank reduced their price target on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating on the stock in a research report on Friday, November 8th. Bank of America downgraded Franco-Nevada from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. HC Wainwright upped their target price on shares of Franco-Nevada from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $152.83.

Franco-Nevada Price Performance

Franco-Nevada stock traded down $2.21 during mid-day trading on Friday, reaching $119.46. The stock had a trading volume of 383,036 shares, compared to its average volume of 662,776. Franco-Nevada Co. has a one year low of $103.64 and a one year high of $137.60. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of -37.80 and a beta of 0.72. The company has a 50-day moving average price of $125.07 and a two-hundred day moving average price of $123.49.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $275.70 million for the quarter, compared to analysts' expectations of $279.11 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company's revenue for the quarter was down 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that Franco-Nevada Co. will post 3.22 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, December 5th. Franco-Nevada's dividend payout ratio (DPR) is presently -45.57%.

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.