Bcwm LLC Invests $1.04 Million in Franco-Nevada Co. (NYSE:FNV)

Bcwm LLC acquired a new stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) in the 4th quarter, HoldingsChannel reports. The firm acquired 8,844 shares of the basic materials company’s stock, valued at approximately $1,040,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada in the fourth quarter worth about $47,000. Physician Wealth Advisors Inc. acquired a new stake in Franco-Nevada in the fourth quarter valued at approximately $49,000. Point72 DIFC Ltd bought a new stake in shares of Franco-Nevada during the third quarter worth $52,000. Harbour Investments Inc. grew its stake in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after buying an additional 93 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Franco-Nevada during the third quarter worth $55,000. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Trading Down 1.2 %

Shares of FNV opened at $155.36 on Friday. The firm’s fifty day simple moving average is $142.60 and its two-hundred day simple moving average is $130.54. Franco-Nevada Co. has a 12 month low of $112.70 and a 12 month high of $159.38. The stock has a market capitalization of $29.92 billion, a P/E ratio of -49.16, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

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

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is presently 53.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FNV shares. Scotiabank boosted their price objective on Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Raymond James boosted their price target on Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. TD Securities lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, March 11th. Royal Bank of Canada upped their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. Finally, UBS Group raised their price target 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. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.50.

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.