Salvus Wealth Management LLC Purchases 1,420 Shares of Franco-Nevada Co. (NYSE:FNV)

Salvus Wealth Management LLC raised its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 49.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,300 shares of the basic materials company’s stock after purchasing an additional 1,420 shares during the quarter. Salvus Wealth Management LLC’s holdings in Franco-Nevada were worth $506,000 at the end of the most recent quarter.

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

Franco-Nevada Trading Down 1.7 %

FNV opened at $124.87 on Friday. The business’s 50-day moving average is $120.81 and its two-hundred day moving average is $123.75. Franco-Nevada Co. has a 1 year low of $103.64 and a 1 year high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. As a group, research analysts anticipate that Franco-Nevada Co. will post 3.2 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. Franco-Nevada’s dividend payout ratio is presently -45.57%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FNV shares. UBS Group started coverage on shares of Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 price target for the company. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. HC Wainwright decreased their price objective on Franco-Nevada from $200.00 to $155.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Jefferies Financial Group lowered their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.