Franco-Nevada Co. (NYSE:FNV) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,483 shares of the basic materials company’s stock after buying an additional 250 shares during the period. Quantinno Capital Management LP’s holdings in Franco-Nevada were worth $2,761,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Franco-Nevada by 29.4% during the third quarter. Barclays PLC now owns 35,828 shares of the basic materials company’s stock worth $4,450,000 after acquiring an additional 8,147 shares during the period. Assenagon Asset Management S.A. increased its holdings in Franco-Nevada by 2.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 7,528 shares of the basic materials company’s stock worth $884,000 after purchasing an additional 203 shares during the period. Crossmark Global Holdings Inc. raised its position in Franco-Nevada by 3.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,387 shares of the basic materials company’s stock valued at $1,104,000 after purchasing an additional 326 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Franco-Nevada by 3.3% in the 4th quarter. SG Americas Securities LLC now owns 36,643 shares of the basic materials company’s stock valued at $4,309,000 after buying an additional 1,168 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Franco-Nevada by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,286 shares of the basic materials company’s stock valued at $1,680,000 after buying an additional 241 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FNV shares. Raymond James upped their target price on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. HC Wainwright raised their price objective on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, March 26th. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Royal Bank of Canada raised their price target on Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. Finally, TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.75.

Franco-Nevada Stock Up 1.6%

Shares of NYSE FNV opened at $164.53 on Wednesday. The stock has a market cap of $31.68 billion, a PE ratio of -52.07, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $178.74. The business has a 50-day moving average price of $160.98 and a 200 day moving average price of $140.03.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.07. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $368.40 million for the quarter, compared to analyst estimates of $328.79 million. During the same period last year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 43.5% compared to the same quarter last year. Sell-side analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 0.92%. Franco-Nevada’s dividend payout ratio (DPR) is 47.50%.

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.