Franco-Nevada Co. (NYSE:FNV) Stock Holdings Increased by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,300,880 shares of the basic materials company’s stock after purchasing an additional 15,273 shares during the quarter. Bank of Montreal Can owned approximately 2.75% of Franco-Nevada worth $622,124,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in shares of Franco-Nevada by 28.4% during the 3rd quarter. Cerity Partners LLC now owns 3,581 shares of the basic materials company’s stock valued at $445,000 after acquiring an additional 791 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Franco-Nevada during the third quarter valued at $52,000. Quantinno Capital Management LP increased its position in Franco-Nevada by 6.5% in the 3rd quarter. Quantinno Capital Management LP now owns 23,233 shares of the basic materials company’s stock worth $2,887,000 after purchasing an additional 1,409 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Franco-Nevada by 60.0% during the 3rd quarter. Stifel Financial Corp now owns 40,012 shares of the basic materials company’s stock worth $4,972,000 after purchasing an additional 15,008 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Franco-Nevada by 8.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,183 shares of the basic materials company’s stock valued at $271,000 after buying an additional 175 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on FNV. Raymond James raised their price objective on shares of Franco-Nevada from $162.00 to $181.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group raised their price target on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Royal Bank of Canada upped their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Finally, Scotiabank upped their price target on Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus price target of $157.88.

Franco-Nevada Stock Down 8.7 %

Shares of NYSE:FNV opened at $144.86 on Monday. The company has a market cap of $27.89 billion, a price-to-earnings ratio of -45.84, a PEG ratio of 9.78 and a beta of 0.68. The business has a 50 day moving average price of $145.19 and a 200 day moving average price of $131.67. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $161.36.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. During the same period in the prior year, the business earned $0.90 earnings per share. Franco-Nevada’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s dividend payout ratio is currently 53.15%.

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.