Capital International Sarl Raises Stock Position in Franco-Nevada Co. (NYSE:FNV)

Capital International Sarl lifted its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 54.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,266 shares of the basic materials company’s stock after buying an additional 4,308 shares during the period. Capital International Sarl’s holdings in Franco-Nevada were worth $1,441,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada in the fourth quarter valued at $47,000. Physician Wealth Advisors Inc. purchased a new position in Franco-Nevada during the fourth quarter valued at approximately $49,000. Harbour Investments Inc. boosted its position in Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 93 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Franco-Nevada in the 4th quarter valued at $73,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 126 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $171.14 on Friday. Franco-Nevada Co. has a 1-year low of $112.70 and a 1-year high of $174.44. The stock has a market cap of $32.95 billion, a P/E ratio of -54.16, a P/E/G ratio of 9.78 and a beta of 0.68. The stock’s 50 day simple moving average is $150.39 and its 200-day simple moving average is $134.23.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $321.00 million during 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% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. As a group, research analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s dividend payout ratio (DPR) is presently 53.15%.

Wall Street Analyst Weigh In

Several analysts have commented on FNV shares. HC Wainwright increased their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, March 26th. Royal Bank of Canada lifted their price target on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. BMO Capital Markets assumed coverage on shares of Franco-Nevada in a report on Wednesday. They issued an “outperform” rating on the stock. National Bankshares reaffirmed a “sector perform” rating on shares of Franco-Nevada in a report on Wednesday, April 2nd. Finally, StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.25.

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.