Franco-Nevada Co. (NYSE:FNV) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,411 shares of the basic materials company’s stock after acquiring an additional 614 shares during the period. Avantax Advisory Services Inc.’s holdings in Franco-Nevada were worth $1,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FNV. Natixis Advisors LLC lifted its stake in Franco-Nevada by 6.5% during the 3rd quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company’s stock valued at $2,535,000 after acquiring an additional 1,237 shares during the period. Swiss National Bank lifted its stake in Franco-Nevada by 0.8% during the 3rd quarter. Swiss National Bank now owns 581,560 shares of the basic materials company’s stock valued at $72,347,000 after acquiring an additional 4,900 shares during the period. Drive Wealth Management LLC lifted its stake in Franco-Nevada by 11.9% during the 3rd quarter. Drive Wealth Management LLC now owns 3,355 shares of the basic materials company’s stock valued at $417,000 after acquiring an additional 356 shares during the period. Beddow Capital Management Inc. lifted its stake in Franco-Nevada by 1.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 57,882 shares of the basic materials company’s stock valued at $7,192,000 after acquiring an additional 790 shares during the period. Finally, America First Investment Advisors LLC lifted its stake in Franco-Nevada by 4.3% during the 3rd quarter. America First Investment Advisors LLC now owns 161,765 shares of the basic materials company’s stock valued at $20,099,000 after acquiring an additional 6,717 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FNV has been the subject of several analyst reports. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday. HC Wainwright boosted their target price on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Scotiabank boosted 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 note on Tuesday, March 11th. TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, March 11th. Finally, UBS Group boosted their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research note 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.63.

Franco-Nevada Stock Up 0.2 %

Franco-Nevada stock opened at $154.31 on Wednesday. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $156.82. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of -48.83, a PEG ratio of 9.78 and a beta of 0.73. The company has a fifty day simple moving average of $137.96 and a 200-day simple moving average of $128.62.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $304.33 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research 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. Stockholders of record on Thursday, March 13th will be issued 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 of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.99%. Franco-Nevada’s dividend payout ratio is presently 53.15%.

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.