Inspire Advisors LLC Acquires 250 Shares of Franco-Nevada Co. (NYSE:FNV)

Inspire Advisors LLC increased its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 6.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,014 shares of the basic materials company’s stock after purchasing an additional 250 shares during the period. Inspire Advisors LLC’s holdings in Franco-Nevada were worth $472,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in Franco-Nevada during the fourth quarter worth about $47,000. Point72 DIFC Ltd bought a new position in shares of Franco-Nevada during the third quarter worth approximately $52,000. Erste Asset Management GmbH bought a new position in shares of Franco-Nevada during the third quarter worth approximately $55,000. SBI Securities Co. Ltd. acquired a new stake in Franco-Nevada during the 4th quarter worth approximately $73,000. Finally, Jones Financial Companies Lllp boosted its stake in Franco-Nevada by 25.6% in the 4th quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 126 shares during the period. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Up 1.1 %

FNV opened at $147.39 on Thursday. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $148.71. The company has a 50-day simple moving average of $134.87 and a 200 day simple moving average of $127.60. The stock has a market capitalization of $28.38 billion, a price-to-earnings ratio of -46.64, a P/E/G ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $304.33 million. During the same quarter in the prior year, the business posted $0.90 earnings per share. Franco-Nevada’s revenue was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. This represents a $1.52 annualized dividend and a yield of 1.03%. Franco-Nevada’s payout ratio is presently 53.15%.

Analyst Ratings Changes

Several research firms have weighed in on FNV. StockNews.com upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. UBS Group upped 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. Raymond James upped their price target on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday. Finally, 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 note on Tuesday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.