Euro Pacific Asset Management LLC Boosts Stock Position in Franco-Nevada Co. (NYSE:FNV)

Euro Pacific Asset Management LLC increased its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,912 shares of the basic materials company’s stock after buying an additional 4,733 shares during the quarter. Franco-Nevada accounts for 5.8% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 4th largest holding. Euro Pacific Asset Management LLC’s holdings in Franco-Nevada were worth $27,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Franco-Nevada by 76.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company’s stock worth $159,530,000 after buying an additional 556,894 shares during the last quarter. EdgePoint Investment Group Inc. boosted its position in Franco-Nevada by 19.4% in the third quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company’s stock worth $411,003,000 after purchasing an additional 537,047 shares during the last quarter. Victory Capital Management Inc. grew its stake in Franco-Nevada by 13.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company’s stock valued at $433,538,000 after purchasing an additional 424,810 shares during the period. Two Sigma Advisers LP increased its position in shares of Franco-Nevada by 60.1% during the 3rd quarter. Two Sigma Advisers LP now owns 958,300 shares of the basic materials company’s stock valued at $119,069,000 after purchasing an additional 359,900 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Franco-Nevada by 4,361.2% during the 2nd quarter. Clearbridge Investments LLC now owns 275,571 shares of the basic materials company’s stock worth $32,659,000 after purchasing an additional 269,394 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Stock Performance

NYSE:FNV opened at $130.18 on Friday. Franco-Nevada Co. has a 1 year low of $103.64 and a 1 year high of $137.60. The stock’s fifty day moving average price is $122.29 and its two-hundred day moving average price is $124.05.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data 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 company had revenue of $275.70 million for the quarter, compared to analysts’ expectations of $279.11 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. On average, analysts expect that Franco-Nevada Co. will post 3.18 EPS for the current year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. Franco-Nevada’s dividend payout ratio (DPR) is currently -45.57%.

Analyst Ratings Changes

Several equities analysts recently weighed in on FNV shares. UBS Group began coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They set a “buy” rating and a $160.00 price target for the company. Scotiabank reduced their target price on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Bank of America lowered Franco-Nevada from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. Finally, HC Wainwright lowered their target price on Franco-Nevada from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Franco-Nevada has a consensus rating of “Moderate Buy” and an average target price of $145.33.

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.