Franco-Nevada Co. (NYSE:FNV) Shares Purchased by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC increased its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,229 shares of the basic materials company’s stock after acquiring an additional 526 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Franco-Nevada were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covea Finance raised its holdings in Franco-Nevada by 2.7% in the 4th quarter. Covea Finance now owns 101,320 shares of the basic materials company’s stock valued at $11,895,000 after buying an additional 2,700 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Franco-Nevada by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company’s stock valued at $49,702,000 after buying an additional 16,029 shares during the period. Horizon Kinetics Asset Management LLC raised its holdings in Franco-Nevada by 1.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 935,834 shares of the basic materials company’s stock valued at $116,277,000 after buying an additional 17,232 shares during the period. Telemark Asset Management LLC raised its holdings in Franco-Nevada by 66.7% in the 3rd quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company’s stock valued at $6,212,000 after buying an additional 20,000 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in Franco-Nevada by 113.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company’s stock valued at $601,000 after buying an additional 2,710 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on FNV shares. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday. Raymond James boosted their price target on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Scotiabank boosted 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, March 11th. Royal Bank of Canada boosted their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. Finally, HC Wainwright boosted their price target on shares of Franco-Nevada from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and an average target price of $153.63.

Franco-Nevada Stock Down 0.0 %

Shares of NYSE:FNV opened at $154.26 on Thursday. The firm’s 50 day moving average price is $138.50 and its 200 day moving average price is $128.80. The stock has a market cap of $29.70 billion, a price-to-earnings ratio of -48.82, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $156.82.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results 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. The firm had revenue of $321.00 million for 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%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. On average, equities analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s dividend payout ratio is currently 53.15%.

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.