America First Investment Advisors LLC Has $19.35 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

America First Investment Advisors LLC raised its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 164,553 shares of the basic materials company’s stock after acquiring an additional 2,788 shares during the quarter. Franco-Nevada makes up about 4.2% of America First Investment Advisors LLC’s portfolio, making the stock its 15th largest holding. America First Investment Advisors LLC owned about 0.09% of Franco-Nevada worth $19,350,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of Franco-Nevada by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company’s stock worth $1,004,046,000 after acquiring an additional 193,968 shares during the period. Vanguard Group Inc. lifted its position in shares of Franco-Nevada by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 7,799,415 shares of the basic materials company’s stock worth $916,540,000 after purchasing an additional 132,465 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Franco-Nevada by 3.3% in the 4th quarter. First Eagle Investment Management LLC now owns 3,366,544 shares of the basic materials company’s stock valued at $395,113,000 after purchasing an additional 107,043 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Franco-Nevada by 19.4% during 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 buying an additional 537,047 shares during the period. Finally, TD Asset Management Inc. raised its stake in Franco-Nevada by 2.8% during the fourth quarter. TD Asset Management Inc. now owns 1,804,599 shares of the basic materials company’s stock worth $211,954,000 after buying an additional 48,777 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank upped their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 11th. HC Wainwright raised their target price on Franco-Nevada from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Royal Bank of Canada boosted their price target on Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. UBS Group increased their price target on Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and an average target price of $153.63.

Franco-Nevada Price Performance

Shares of NYSE FNV opened at $155.74 on Wednesday. The company has a 50-day moving average price of $140.84 and a 200-day moving average price of $129.88. The stock has a market capitalization of $29.99 billion, a P/E ratio of -49.28, a P/E/G ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $158.52.

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 positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. During the same period in the previous year, the company posted $0.90 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 yield of 0.98%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s payout ratio is currently 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.