Franco-Nevada Co. (NYSE:FNV) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 155.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 110,890 shares of the basic materials company’s stock after buying an additional 67,440 shares during the quarter. Intact Investment Management Inc.’s holdings in Franco-Nevada were worth $13,029,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FNV. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada in the 4th quarter worth about $47,000. Point72 DIFC Ltd bought a new position in shares of Franco-Nevada in the 3rd quarter worth about $52,000. Erste Asset Management GmbH bought a new position in shares of Franco-Nevada in the 3rd quarter worth about $55,000. SBI Securities Co. Ltd. bought a new position in shares of Franco-Nevada in the 4th quarter worth about $73,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock worth $73,000 after buying an additional 126 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Scotiabank raised their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Tuesday. HC Wainwright raised their price target on shares of Franco-Nevada from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group lifted their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Raymond James lifted their price objective on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $153.63.

Franco-Nevada Trading Up 2.0 %

FNV stock opened at $150.14 on Friday. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $152.77. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of -47.51, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The firm’s 50-day moving average is $135.47 and its two-hundred day moving average is $127.74.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. During the same period in the previous year, the firm earned $0.90 EPS. Franco-Nevada’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada’s payout ratio is 53.15%.

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.