Global View Capital Management LLC Acquires New Stake in Franco-Nevada Co. (NYSE:FNV)

Global View Capital Management LLC acquired a new stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,240 shares of the basic materials company’s stock, valued at approximately $392,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FNV. Laurel Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada in the 4th quarter valued at $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada in the 3rd quarter valued at $52,000. Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada in the 3rd quarter valued at $55,000. SBI Securities Co. Ltd. purchased a new stake in shares of Franco-Nevada in the 4th quarter valued at $73,000. Finally, Jones Financial Companies Lllp grew its stake in Franco-Nevada by 25.6% during the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FNV. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Royal Bank of Canada boosted their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. UBS Group began coverage on Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 target price for the company. HC Wainwright reissued a “buy” rating and set a $155.00 target price on shares of Franco-Nevada in a research note on Tuesday, January 28th. Finally, StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.71.

Franco-Nevada Stock Performance

NYSE:FNV opened at $142.62 on Tuesday. The stock has a 50-day simple moving average of $133.80 and a 200-day simple moving average of $127.30. The stock has a market cap of $27.46 billion, a P/E ratio of -45.13, a P/E/G ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 1 year low of $111.98 and a 1 year high of $150.23.

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

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. Franco-Nevada’s dividend payout ratio is -48.10%.

Franco-Nevada Company 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.