1,851 Shares in Franco-Nevada Co. (NYSE:FNV) Purchased by Fiduciary Family Office LLC

Fiduciary Family Office LLC acquired a new position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,851 shares of the basic materials company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNV. Laurel Wealth Advisors LLC bought a new position in Franco-Nevada during the 4th quarter valued at approximately $47,000. Sunbelt Securities Inc. boosted its stake in Franco-Nevada by 3,333.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 400 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Franco-Nevada during the 3rd quarter valued at about $52,000. Erste Asset Management GmbH bought a new stake in Franco-Nevada during the 3rd quarter valued at about $55,000. Finally, Birch Capital Management LLC raised its holdings in Franco-Nevada by 37.9% in the fourth quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after buying an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

FNV opened at $129.99 on Thursday. Franco-Nevada Co. has a 12-month low of $103.64 and a 12-month high of $137.60. The company’s 50 day moving average is $121.68 and its 200 day moving average is $123.96.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. During the same period in the previous year, the firm earned $0.91 EPS. The company’s revenue was down 10.9% on a year-over-year basis. Equities analysts forecast that Franco-Nevada Co. will post 3.18 earnings per share for the current year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -45.57%.

Wall Street Analyst Weigh In

FNV has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Scotiabank reduced their target price on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Bank of America downgraded Franco-Nevada from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. Finally, UBS Group initiated coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada has a consensus rating of “Moderate Buy” and an average price target of $145.33.

About Franco-Nevada

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.