Intellus Advisors LLC Takes Position in Franco-Nevada Co. (NYSE:FNV)

Intellus Advisors LLC purchased a new stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 99,533 shares of the basic materials company’s stock, valued at approximately $11,704,000. Franco-Nevada comprises about 2.0% of Intellus Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Intellus Advisors LLC owned about 0.05% of Franco-Nevada at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FNV. Natixis Advisors LLC grew its stake in shares of Franco-Nevada by 6.5% during the third quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company’s stock valued at $2,535,000 after purchasing an additional 1,237 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Franco-Nevada by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 407,137 shares of the basic materials company’s stock valued at $50,623,000 after acquiring an additional 19,589 shares during the last quarter. Citigroup Inc. boosted its stake in Franco-Nevada by 33.1% in the third quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company’s stock valued at $4,565,000 after acquiring an additional 9,119 shares during the last quarter. Telemark Asset Management LLC boosted its stake in Franco-Nevada by 66.7% in the third quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company’s stock valued at $6,212,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in Franco-Nevada in the third quarter valued at approximately $158,000. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Performance

FNV opened at $155.85 on Friday. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $156.82. The firm’s fifty day moving average is $139.63 and its two-hundred day moving average is $129.21. The firm has a market cap of $30.01 billion, a PE ratio of -49.32, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data 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 business had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. During the same period last year, the business posted $0.90 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is presently 53.15%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FNV shares. UBS Group raised their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday. HC Wainwright raised their price objective on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Raymond James raised their price objective on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada increased their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.63.

Franco-Nevada 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.