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

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,450 shares of the basic materials company’s stock, valued at approximately $641,000. Franco-Nevada makes up 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 13th largest holding.

A number of other institutional investors also recently bought and sold shares of FNV. Covea Finance raised its holdings in shares of Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company’s stock worth $11,895,000 after purchasing an additional 2,700 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Franco-Nevada by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company’s stock valued at $49,702,000 after buying an additional 16,029 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Franco-Nevada by 113.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company’s stock valued at $601,000 after buying an additional 2,710 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Franco-Nevada in the third quarter worth about $717,000. Finally, Tri Ri Asset Management Corp acquired a new stake in Franco-Nevada during the third quarter worth about $3,433,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on FNV. StockNews.com upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Royal Bank of Canada increased their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. 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. UBS Group increased their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Finally, HC Wainwright lifted their price target on Franco-Nevada from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.50.

Franco-Nevada Trading Down 1.2 %

FNV stock opened at $155.36 on Friday. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $159.38. The business’s 50-day moving average is $142.60 and its 200 day moving average is $130.48. The stock has a market cap of $29.92 billion, a price-to-earnings ratio of -49.16, a PEG ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly 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. The firm had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. As a group, equities analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.38 dividend. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is currently 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.