1,350 Shares in Franco-Nevada Co. (NYSE:FNV) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,350 shares of the basic materials company’s stock, valued at approximately $168,000.

A number of other large investors also recently bought and sold shares of FNV. Erste Asset Management GmbH purchased a new position in Franco-Nevada in the third quarter worth $55,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Franco-Nevada by 76.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company’s stock worth $159,530,000 after purchasing an additional 556,894 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Franco-Nevada in the third quarter worth $244,000. PDT Partners LLC purchased a new position in Franco-Nevada in the third quarter worth $1,309,000. Finally, Verition Fund Management LLC purchased a new position in Franco-Nevada in the third quarter worth $2,995,000. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on FNV. Scotiabank cut their price target on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, November 8th. UBS Group started coverage on shares of Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 price target on the stock. StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a report on Thursday, August 22nd. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Jefferies Financial Group dropped their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.83.

Franco-Nevada Price Performance

NYSE FNV opened at $122.34 on Thursday. The company has a market capitalization of $23.55 billion, a PE ratio of -38.72 and a beta of 0.72. The company has a fifty day moving average of $125.56 and a 200 day moving average of $123.63. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $137.60.

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

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.36 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. Franco-Nevada’s dividend payout ratio (DPR) is currently -45.57%.

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.