America First Investment Advisors LLC Raises Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

America First Investment Advisors LLC increased its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 164,553 shares of the basic materials company’s stock after buying an additional 2,788 shares during the quarter. Franco-Nevada makes up approximately 4.2% of America First Investment Advisors LLC’s investment portfolio, making the stock its 15th largest position. America First Investment Advisors LLC’s holdings in Franco-Nevada were worth $19,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of Franco-Nevada by 2.3% during the 4th quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company’s stock worth $1,004,046,000 after purchasing an additional 193,968 shares during the period. Vanguard Group Inc. increased its holdings in Franco-Nevada by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 7,799,415 shares of the basic materials company’s stock worth $916,540,000 after buying an additional 132,465 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Franco-Nevada by 3.3% during the fourth quarter. First Eagle Investment Management LLC now owns 3,366,544 shares of the basic materials company’s stock worth $395,113,000 after buying an additional 107,043 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in Franco-Nevada by 19.4% in the third quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company’s stock worth $411,003,000 after acquiring an additional 537,047 shares during the period. Finally, TD Asset Management Inc. grew its position in shares of Franco-Nevada by 2.8% during the 4th quarter. TD Asset Management Inc. now owns 1,804,599 shares of the basic materials company’s stock valued at $211,954,000 after acquiring an additional 48,777 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FNV. Raymond James lifted their price target on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. HC Wainwright upped their price target on Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. UBS Group increased their price target on Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Scotiabank boosted their price objective on Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. Finally, StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Five equities research 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 an average rating of “Moderate Buy” and a consensus target price of $153.63.

Franco-Nevada Stock Down 0.0 %

Shares of FNV opened at $155.74 on Wednesday. The business’s 50-day moving average price is $140.84 and its 200-day moving average price is $129.88. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $158.52. The stock has a market cap of $29.99 billion, a PE ratio of -49.28, a P/E/G ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The business 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 business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. Analysts expect that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.98%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s payout ratio is presently 53.15%.

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.