Franco-Nevada Co. (NYSE:FNV) Holdings Raised by Swiss National Bank

Swiss National Bank increased its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,560 shares of the basic materials company's stock after purchasing an additional 4,900 shares during the period. Swiss National Bank owned 0.30% of Franco-Nevada worth $72,347,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Graham Capital Wealth Management LLC boosted its position in Franco-Nevada by 0.4% during the second 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 period. Meixler Investment Management Ltd. increased its holdings in Franco-Nevada by 0.5% in the 2nd quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company's stock valued at $2,543,000 after buying an additional 101 shares during the period. Natixis Advisors LLC increased its stake in 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 during the last quarter. Huntington National Bank boosted its holdings in shares of Franco-Nevada by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock valued at $185,000 after purchasing an additional 102 shares in the last quarter. Finally, Primoris Wealth Advisors LLC raised its stake in 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 worth $293,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Cowen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Jefferies Financial Group cut 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. TD Securities upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Scotiabank dropped their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating on the stock in a report on Friday, November 8th. Finally, HC Wainwright lifted their price objective on shares of Franco-Nevada from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Franco-Nevada Price Performance

NYSE FNV traded up $0.19 during trading hours on Wednesday, hitting $121.45. 361,632 shares of the company's stock traded hands, compared to its average volume of 662,541. Franco-Nevada Co. has a 52-week low of $102.29 and a 52-week high of $137.60. The company has a market capitalization of $23.38 billion, a PE ratio of -38.25, a PEG ratio of 19.22 and a beta of 0.75. The firm's 50-day moving average is $126.17 and its 200-day moving average is $123.93.

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

Franco-Nevada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, December 5th. Franco-Nevada's dividend payout ratio is currently -45.57%.

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.