Sustainable Insight Capital Management LLC Makes New $454,000 Investment in Franco-Nevada Co. (NYSE:FNV)

Sustainable Insight Capital Management LLC acquired a new stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,655 shares of the basic materials company’s stock, valued at approximately $454,000.

Other large investors also recently modified their holdings of the company. Graham Capital Wealth Management LLC raised its position in shares of Franco-Nevada by 0.4% during the second quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company’s stock worth $2,511,000 after purchasing an additional 86 shares during the period. Meixler Investment Management Ltd. raised its holdings in Franco-Nevada by 0.5% during the second quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock worth $2,543,000 after buying an additional 101 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Franco-Nevada by 0.5% in the second quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company’s stock valued at $2,272,000 after buying an additional 101 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Franco-Nevada by 33.3% during the first quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock valued at $52,000 after buying an additional 110 shares during the last quarter. Finally, Primoris Wealth Advisors LLC increased its position in shares of Franco-Nevada by 4.7% during the second quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company’s stock worth $293,000 after acquiring an additional 112 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Stock Down 3.1 %

FNV opened at $122.44 on Friday. The company’s 50-day moving average price is $126.66 and its two-hundred day moving average price is $124.17. Franco-Nevada Co. has a twelve month low of $102.29 and a twelve month high of $137.60. The stock has a market cap of $23.57 billion, a price-to-earnings ratio of -38.75, a PEG ratio of 22.11 and a beta of 0.75.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.63%. The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. During the same period last year, the company posted $0.91 earnings per share. Franco-Nevada’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Franco-Nevada Co. will post 3.25 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -45.57%.

Wall Street Analyst Weigh In

FNV has been the topic of a number of recent research reports. TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Jefferies Financial Group lowered their target price on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a report on Thursday, October 17th. HC Wainwright boosted their price target on shares of Franco-Nevada from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday. Finally, Scotiabank decreased their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.57.

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.