Physician Wealth Advisors Inc. Acquires New Position in Franco-Nevada Co. (NYSE:FNV)

Physician Wealth Advisors Inc. bought a new position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 418 shares of the basic materials company’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group purchased a new stake in shares of Franco-Nevada during the 4th quarter valued at approximately $473,000. Arrowstreet Capital Limited Partnership increased its stake in Franco-Nevada by 246.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company’s stock worth $136,796,000 after acquiring an additional 828,166 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in Franco-Nevada in the fourth quarter valued at $641,000. Orion Portfolio Solutions LLC lifted its stake in shares of Franco-Nevada by 12.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 2,103 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 226 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Franco-Nevada during the 4th quarter worth $237,643,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. HC Wainwright upped their target price on shares of Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, March 26th. Scotiabank upped their price objective on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. Raymond James lifted their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. TD Securities cut 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, March 11th. Finally, StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.50.

Franco-Nevada Price Performance

FNV stock opened at $157.50 on Tuesday. The business’s 50-day moving average is $143.23 and its two-hundred day moving average is $130.83. The firm has a market capitalization of $30.33 billion, a P/E ratio of -49.84, 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 $159.38.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $321.00 million for 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%. Franco-Nevada’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. On average, analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.38 dividend. The ex-dividend date was 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 yield of 0.97%. Franco-Nevada’s payout ratio is 53.15%.

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.