America First Investment Advisors LLC Buys 6,717 Shares of Franco-Nevada Co. (NYSE:FNV)

America First Investment Advisors LLC grew its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,765 shares of the basic materials company’s stock after purchasing an additional 6,717 shares during the quarter. Franco-Nevada makes up about 4.5% of America First Investment Advisors LLC’s holdings, making the stock its 16th largest position. America First Investment Advisors LLC owned approximately 0.08% of Franco-Nevada worth $20,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of FNV. Graham Capital Wealth Management LLC lifted its position in shares of Franco-Nevada by 0.4% during the second quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company’s stock valued at $2,511,000 after purchasing an additional 86 shares in the last quarter. Meixler Investment Management Ltd. boosted its stake in shares of Franco-Nevada by 0.5% in the 2nd quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock worth $2,543,000 after buying an additional 101 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Franco-Nevada by 0.5% in the second quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company’s stock valued at $2,272,000 after acquiring an additional 101 shares in the last quarter. Huntington National Bank grew its holdings in shares of Franco-Nevada by 7.4% in the third quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 102 shares in the last quarter. Finally, Primoris Wealth Advisors LLC grew its holdings in shares of Franco-Nevada by 4.7% in the second quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Up 0.2 %

Shares of NYSE:FNV opened at $121.49 on Thursday. The company has a 50 day moving average of $126.17 and a 200 day moving average of $123.91. Franco-Nevada Co. has a 12 month low of $102.29 and a 12 month high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The firm had revenue of $275.70 million during the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. On average, research analysts expect that Franco-Nevada Co. will post 3.22 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.36 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.19%. Franco-Nevada’s payout ratio is currently -45.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FNV shares. Jefferies Financial Group reduced their price objective on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. UBS Group began coverage on shares of Franco-Nevada in a research note on Monday. They set a “buy” rating and a $160.00 price target for the company. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday. StockNews.com raised Franco-Nevada from a “sell” rating to a “hold” rating in a report on Thursday, August 22nd. Finally, TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Franco-Nevada Company 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.