Aviso Financial Inc. Purchases 2,992 Shares of Franco-Nevada Co. (NYSE:FNV)

Aviso Financial Inc. raised its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.3% in the fourth quarter, Holdings Channel reports. The fund owned 94,853 shares of the basic materials company’s stock after buying an additional 2,992 shares during the quarter. Aviso Financial Inc.’s holdings in Franco-Nevada were worth $11,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Bennbridge Ltd bought a new stake in Franco-Nevada during the fourth quarter valued at about $45,877,000. Avantax Advisory Services Inc. raised its position in shares of Franco-Nevada by 5.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,411 shares of the basic materials company’s stock valued at $1,342,000 after buying an additional 614 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Franco-Nevada by 1.5% during the fourth quarter. Moors & Cabot Inc. now owns 46,065 shares of the basic materials company’s stock valued at $5,417,000 after buying an additional 674 shares during the last quarter. Inspire Advisors LLC raised its position in shares of Franco-Nevada by 6.6% during the fourth quarter. Inspire Advisors LLC now owns 4,014 shares of the basic materials company’s stock valued at $472,000 after buying an additional 250 shares during the last quarter. Finally, Markel Group Inc. raised its position in shares of Franco-Nevada by 39.9% during the fourth quarter. Markel Group Inc. now owns 483,250 shares of the basic materials company’s stock valued at $56,825,000 after buying an additional 137,750 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on FNV shares. StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. HC Wainwright upped their price objective on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada upped their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. Scotiabank upped their price objective 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. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.63.

Franco-Nevada Stock Up 2.0 %

NYSE:FNV opened at $150.14 on Friday. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $152.77. The firm has a market capitalization of $28.91 billion, a PE ratio of -47.51, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The firm has a 50-day moving average price of $135.47 and a 200 day moving average price of $127.74.

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. The company had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. On average, research analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.01%. Franco-Nevada’s dividend payout ratio (DPR) is presently 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.