Annex Advisory Services LLC Has $18.74 Million Stake in Franco-Nevada Co. (NYSE:FNV)

Annex Advisory Services LLC increased its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 24.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 159,404 shares of the basic materials company’s stock after purchasing an additional 31,547 shares during the quarter. Annex Advisory Services LLC’s holdings in Franco-Nevada were worth $18,744,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FNV. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Franco-Nevada by 3,404.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 727,681 shares of the basic materials company’s stock worth $86,287,000 after acquiring an additional 706,919 shares in the last quarter. EdgePoint Investment Group Inc. lifted its position in Franco-Nevada by 19.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company’s stock valued at $411,003,000 after acquiring an additional 537,047 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Franco-Nevada by 13.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company’s stock valued at $433,538,000 after purchasing an additional 424,810 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Franco-Nevada by 60.1% during the 3rd quarter. Two Sigma Advisers LP now owns 958,300 shares of the basic materials company’s stock worth $119,069,000 after purchasing an additional 359,900 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Franco-Nevada by 4,361.2% in the second quarter. Clearbridge Investments LLC now owns 275,571 shares of the basic materials company’s stock worth $32,659,000 after purchasing an additional 269,394 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FNV. Scotiabank cut their target price on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, November 8th. HC Wainwright reduced their target price on shares of 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 began coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They set a “buy” rating and a $160.00 price target on the stock. Bank of America cut shares of Franco-Nevada from a “buy” rating to a “neutral” rating and cut their price target for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

Franco-Nevada Stock Up 0.8 %

FNV opened at $125.81 on Monday. The company’s 50-day moving average price is $120.87 and its two-hundred day moving average price is $123.85. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve month high of $137.60. The stock has a market cap of $24.22 billion, a price-to-earnings ratio of -39.81, a PEG ratio of 6.90 and a beta of 0.72.

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). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $279.11 million. During the same quarter in the previous year, the company posted $0.91 EPS. Franco-Nevada’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Franco-Nevada Co. will post 3.2 earnings per share for the current year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. Franco-Nevada’s payout ratio is -45.57%.

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.