Intellus Advisors LLC Buys New Shares in Franco-Nevada Co. (NYSE:FNV)

Intellus Advisors LLC bought a new stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 99,533 shares of the basic materials company’s stock, valued at approximately $11,704,000. Franco-Nevada makes up about 2.0% of Intellus Advisors LLC’s investment portfolio, making the stock its 19th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in Franco-Nevada in the fourth quarter valued at $47,000. Point72 DIFC Ltd bought a new position in Franco-Nevada in the third quarter valued at $52,000. Harbour Investments Inc. grew its position in Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 93 shares in the last quarter. Erste Asset Management GmbH bought a new position in Franco-Nevada in the third quarter valued at $55,000. Finally, SBI Securities Co. Ltd. bought a new position in Franco-Nevada in the fourth quarter valued at $73,000. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

Shares of FNV stock opened at $155.85 on Friday. The company has a market capitalization of $30.01 billion, a price-to-earnings ratio of -49.32, a PEG ratio of 9.78 and a beta of 0.73. The company has a 50-day simple moving average of $139.63 and a 200 day simple moving average of $129.21. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $156.82.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The business had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. Franco-Nevada’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. Sell-side analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently disclosed 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 boost from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 0.98%. Franco-Nevada’s payout ratio is 53.15%.

Analysts Set New Price Targets

A number of research firms recently weighed in on FNV. HC Wainwright raised their target price on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, March 11th. UBS Group lifted their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Raymond James lifted their price objective on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.63.

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.