Franco-Nevada Co. (NYSE:FNV) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,799,415 shares of the basic materials company's stock after buying an additional 132,465 shares during the quarter. Vanguard Group Inc. owned approximately 4.05% of Franco-Nevada worth $916,540,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada during the 4th quarter worth about $47,000. Point72 DIFC Ltd purchased a new position in Franco-Nevada in the third quarter valued at approximately $52,000. Harbour Investments Inc. increased its stake in Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Franco-Nevada during the third quarter worth approximately $55,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Franco-Nevada during the 4th quarter worth approximately $73,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Raymond James boosted their target price on Franco-Nevada from $160.00 to $162.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Royal Bank of Canada raised their price target on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. HC Wainwright lifted their price target on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, March 26th. Finally, TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $155.50.

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Franco-Nevada Trading Down 0.8 %

Shares of Franco-Nevada stock traded down $1.29 during trading hours on Wednesday, hitting $156.34. 114,716 shares of the company were exchanged, compared to its average volume of 656,786. The business has a 50-day moving average of $143.77 and a 200-day moving average of $131.06. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $159.38. The stock has a market capitalization of $30.10 billion, a price-to-earnings ratio of -49.47, a P/E/G ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. During the same quarter in the prior year, the firm earned $0.90 EPS. Franco-Nevada's quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Thursday, March 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is currently 53.15%.

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.