5,450 Shares in Franco-Nevada Co. (NYSE:FNV) Acquired by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,450 shares of the basic materials company’s stock, valued at approximately $641,000. Franco-Nevada comprises approximately 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 13th biggest position.

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 shares of Franco-Nevada in the fourth quarter worth about $47,000. Point72 DIFC Ltd bought a new position in Franco-Nevada in the 3rd quarter worth about $52,000. Harbour Investments Inc. increased its position 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 acquiring an additional 93 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Franco-Nevada during the third quarter valued at approximately $55,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Franco-Nevada in the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Trading Down 1.2 %

Shares of FNV stock opened at $155.36 on Friday. The company has a market cap of $29.92 billion, a PE ratio of -49.16, a PEG ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $159.38. The business’s fifty day simple moving average is $142.60 and its 200-day simple moving average is $130.48.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating 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 company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. During the same period last year, the business posted $0.90 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, March 11th. Royal Bank of Canada upped their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. Scotiabank raised their target price 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. StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Finally, Raymond James lifted their price objective 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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus price target of $155.50.

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.