SG Americas Securities LLC Increases Position in Franco-Nevada Co. (NYSE:FNV)

SG Americas Securities LLC lifted its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,643 shares of the basic materials company’s stock after buying an additional 1,168 shares during the quarter. SG Americas Securities LLC’s holdings in Franco-Nevada were worth $4,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Graham Capital Wealth Management LLC lifted its stake in Franco-Nevada by 0.4% during the 2nd quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company’s stock valued at $2,511,000 after acquiring an additional 86 shares during the period. Huntington National Bank grew its position in Franco-Nevada by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 102 shares during the period. Clear Harbor Asset Management LLC grew its position in Franco-Nevada by 1.1% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 11,961 shares of the basic materials company’s stock worth $1,486,000 after purchasing an additional 130 shares during the period. Blossom Wealth Management boosted its stake in shares of Franco-Nevada by 5.2% in the 3rd quarter. Blossom Wealth Management now owns 2,745 shares of the basic materials company’s stock worth $341,000 after buying an additional 135 shares during the last quarter. Finally, Waverton Investment Management Ltd grew its holdings in shares of Franco-Nevada by 2.9% in the third quarter. Waverton Investment Management Ltd now owns 5,405 shares of the basic materials company’s stock worth $671,000 after acquiring an additional 151 shares during the period. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

Shares of NYSE:FNV opened at $130.18 on Friday. The firm has a market cap of $25.06 billion, a price-to-earnings ratio of -41.20, a P/E/G ratio of 7.08 and a beta of 0.72. The firm has a fifty day moving average price of $122.29 and a 200 day moving average price of $124.05. Franco-Nevada Co. has a fifty-two week low of $103.64 and a fifty-two week high of $137.60.

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

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) is presently -45.57%.

Wall Street Analysts Forecast Growth

FNV has been the subject of a number of recent research reports. Jefferies Financial Group cut their price target on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. HC Wainwright reduced their price objective on Franco-Nevada from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, December 20th. UBS Group initiated coverage on Franco-Nevada in a research report on Monday, November 18th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Scotiabank reduced their price target on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. Four 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.33.

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.