O Brien Greene & Co. Inc Has $6.47 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

O Brien Greene & Co. Inc raised its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 54,544 shares of the basic materials company’s stock after acquiring an additional 998 shares during the quarter. Franco-Nevada makes up about 2.0% of O Brien Greene & Co. Inc’s portfolio, making the stock its 21st largest holding. O Brien Greene & Co. Inc’s holdings in Franco-Nevada were worth $6,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in Franco-Nevada by 0.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,286,603 shares of the basic materials company’s stock valued at $1,456,208,000 after acquiring an additional 64,429 shares during the period. FIL Ltd increased its position in Franco-Nevada by 7.8% in the 4th quarter. FIL Ltd now owns 9,079,951 shares of the basic materials company’s stock valued at $1,005,852,000 after acquiring an additional 659,324 shares during the period. Van ECK Associates Corp increased its position in Franco-Nevada by 1.8% in the 2nd quarter. Van ECK Associates Corp now owns 8,626,736 shares of the basic materials company’s stock valued at $1,022,452,000 after acquiring an additional 151,566 shares during the period. Vanguard Group Inc. increased its position in Franco-Nevada by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,374,086 shares of the basic materials company’s stock valued at $878,696,000 after acquiring an additional 129,876 shares during the period. Finally, Capital World Investors increased its position in Franco-Nevada by 2.7% in the 1st quarter. Capital World Investors now owns 4,597,472 shares of the basic materials company’s stock valued at $547,807,000 after acquiring an additional 120,367 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Down 0.3 %

Franco-Nevada stock opened at $124.56 on Wednesday. Franco-Nevada Co. has a 1-year low of $102.29 and a 1-year high of $145.74. The firm has a market capitalization of $23.97 billion, a price-to-earnings ratio of -50.02, a price-to-earnings-growth ratio of 20.59 and a beta of 0.76. The firm’s fifty day moving average price is $123.53 and its two-hundred day moving average price is $121.13.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The business had revenue of $260.10 million during the quarter, compared to the consensus estimate of $277.44 million. During the same period last year, the business posted $0.95 earnings per share. The firm’s quarterly revenue was down 21.2% on a year-over-year basis. On average, research analysts forecast that Franco-Nevada Co. will post 3.2 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 12th. Franco-Nevada’s payout ratio is currently -57.83%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FNV. HC Wainwright reiterated a “buy” rating and set a $185.00 price objective on shares of Franco-Nevada in a research report on Friday, August 16th. Bank of America increased their price objective on shares of Franco-Nevada from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. TD Cowen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Jefferies Financial Group increased their price objective on shares of Franco-Nevada from $129.00 to $133.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $152.75.

About Franco-Nevada

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.