Franco-Nevada Co. (NYSE:FNV) Position Boosted by TD Asset Management Inc.

TD Asset Management Inc. raised its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,804,599 shares of the basic materials company's stock after purchasing an additional 48,777 shares during the quarter. TD Asset Management Inc. owned 0.94% of Franco-Nevada worth $211,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FNV. Laurel Wealth Advisors LLC purchased a new position in Franco-Nevada in the fourth quarter valued at approximately $47,000. Point72 DIFC Ltd acquired a new stake in shares of Franco-Nevada in the third quarter worth $52,000. Harbour Investments Inc. raised its stake in shares of Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 93 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Franco-Nevada in the 3rd quarter valued at $55,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Franco-Nevada during the 4th quarter valued at $73,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Trading Down 1.2 %

NYSE FNV traded down $1.88 on Friday, hitting $155.36. 737,278 shares of the stock traded hands, compared to its average volume of 658,606. The company has a market capitalization of $29.92 billion, a P/E ratio of -49.16, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The stock has a 50-day moving average of $142.60 and a 200 day moving average of $130.54. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $159.38.

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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, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio is currently 53.15%.

Analyst Ratings Changes

Several research analysts have commented on FNV shares. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a research report on Tuesday, March 11th. Scotiabank raised their target price on Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a report on Tuesday, March 11th. UBS Group boosted 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. StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $155.50.

Franco-Nevada Company 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.