Franco-Nevada Co. (NYSE:FNV) Stock Holdings Lifted by Aviso Financial Inc.

Aviso Financial Inc. raised its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,853 shares of the basic materials company’s stock after purchasing an additional 2,992 shares during the quarter. Aviso Financial Inc.’s holdings in Franco-Nevada were worth $11,144,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Franco-Nevada during the 4th quarter valued at $47,000. Point72 DIFC Ltd acquired a new stake in Franco-Nevada during the 3rd quarter valued at $52,000. Erste Asset Management GmbH acquired a new stake in Franco-Nevada during the 3rd quarter valued at $55,000. SBI Securities Co. Ltd. acquired a new stake in Franco-Nevada during the 4th quarter valued at $73,000. Finally, Jones Financial Companies Lllp raised its stake in Franco-Nevada by 25.6% during the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 126 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 2.0 %

Shares of NYSE:FNV opened at $150.14 on Friday. The stock has a market capitalization of $28.91 billion, a PE ratio of -47.51, a P/E/G ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $152.77. The firm has a fifty day moving average price of $135.47 and a 200 day moving average price of $127.74.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. Franco-Nevada’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. On average, sell-side analysts forecast 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 will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. Franco-Nevada’s dividend payout ratio is currently 53.15%.

Analyst Ratings Changes

FNV has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Scotiabank upped their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Tuesday. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday. Finally, StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $153.63.

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.