Integrated Advisors Network LLC Acquires 2,750 Shares of Franco-Nevada Co. (NYSE:FNV)

Integrated Advisors Network LLC boosted its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 123.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,985 shares of the basic materials company’s stock after purchasing an additional 2,750 shares during the quarter. Integrated Advisors Network LLC’s holdings in Franco-Nevada were worth $785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FNV. Essex Financial Services Inc. lifted its stake in shares of Franco-Nevada by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company’s stock worth $458,000 after buying an additional 84 shares during the period. Confluence Investment Management LLC lifted its position in Franco-Nevada by 1.5% during the first quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company’s stock valued at $926,000 after purchasing an additional 84 shares during the period. Harbour Investments Inc. lifted its position in Franco-Nevada by 25.8% during 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 during the period. CoreCommodity Management LLC lifted its position in Franco-Nevada by 2.9% during the fourth quarter. CoreCommodity Management LLC now owns 3,869 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 108 shares during the period. Finally, Quadcap Wealth Management LLC lifted its position in Franco-Nevada by 4.0% during the fourth quarter. Quadcap Wealth Management LLC now owns 3,184 shares of the basic materials company’s stock valued at $374,000 after purchasing an additional 121 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 11th. National Bankshares reissued a “sector perform” rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. Royal Bank of Canada boosted their price target on Franco-Nevada from $160.00 to $190.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. Finally, Raymond James set a $186.00 price objective on shares of Franco-Nevada and gave the stock an “outperform” rating in a research report on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus target price of $169.63.

Franco-Nevada Trading Up 1.6%

Shares of Franco-Nevada stock opened at $167.61 on Friday. The firm has a market capitalization of $32.29 billion, a PE ratio of -53.04, a P/E/G ratio of 9.78 and a beta of 0.42. The firm’s 50-day moving average price is $165.98 and its 200 day moving average price is $145.45. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $179.99.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. During the same quarter last year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 43.5% compared to the same quarter last year. On average, sell-side analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, June 12th. Franco-Nevada’s dividend payout ratio is currently 47.50%.

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.