Semanteon Capital Management LP Makes New $1.19 Million Investment in Franco-Nevada Co. (NYSE:FNV)

Semanteon Capital Management LP purchased a new position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,730 shares of the basic materials company’s stock, valued at approximately $1,189,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new position in shares of Franco-Nevada in the third quarter worth $30,000. Castleview Partners LLC purchased a new position in shares of Franco-Nevada in the third quarter worth $33,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Franco-Nevada in the fourth quarter worth $34,000. Allworth Financial LP increased its stake in shares of Franco-Nevada by 5,750.0% in the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 345 shares during the period. Finally, FinTrust Capital Advisors LLC increased its stake in shares of Franco-Nevada by 209.0% in the third quarter. FinTrust Capital Advisors LLC now owns 309 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Trading Up 2.2 %

FNV traded up $2.60 during midday trading on Thursday, hitting $121.61. 629,141 shares of the company traded hands, compared to its average volume of 735,067. The company has a market capitalization of $23.39 billion, a price-to-earnings ratio of -49.29, a PEG ratio of 6.22 and a beta of 0.71. Franco-Nevada Co. has a 52-week low of $102.29 and a 52-week high of $161.25. The business has a 50 day simple moving average of $114.80 and a two-hundred day simple moving average of $115.83.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.10. The business had revenue of $303.30 million for the quarter. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. Equities research analysts anticipate that Franco-Nevada Co. will post 2.9 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is currently -55.97%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TheStreet lowered shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Bank of America cut their price objective on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Jefferies Financial Group increased their price objective on shares of Franco-Nevada from $117.00 to $129.00 and gave the stock a “hold” rating in a research note on Monday. Scotiabank increased their price objective on shares of Franco-Nevada from $139.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 18th. Finally, Raymond James increased their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $148.60.

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.