Capital Performance Advisors LLP Acquires Shares of 1,180 Franco-Nevada Co. (NYSE:FNV)

Capital Performance Advisors LLP bought a new position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,180 shares of the basic materials company’s stock, valued at approximately $147,000.

A number of other institutional investors have also recently made changes to their positions in FNV. Massachusetts Financial Services Co. MA boosted its stake in Franco-Nevada by 0.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,286,603 shares of the basic materials company’s stock valued at $1,456,208,000 after purchasing an additional 64,429 shares during the last quarter. Van ECK Associates Corp increased its holdings in Franco-Nevada by 1.8% in the 2nd quarter. Van ECK Associates Corp now owns 8,626,736 shares of the basic materials company’s stock worth $1,022,452,000 after buying an additional 151,566 shares in the last quarter. Vanguard Group Inc. raised its position in Franco-Nevada by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,374,086 shares of the basic materials company’s stock worth $878,696,000 after buying an additional 129,876 shares during the last quarter. Capital World Investors lifted its stake in Franco-Nevada by 2.7% during the 1st quarter. Capital World Investors now owns 4,597,472 shares of the basic materials company’s stock valued at $547,807,000 after acquiring an additional 120,367 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Franco-Nevada by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,260,300 shares of the basic materials company’s stock valued at $386,597,000 after acquiring an additional 47,311 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Trading Down 2.2 %

Franco-Nevada stock traded down $2.76 during midday trading on Friday, hitting $123.65. The stock had a trading volume of 163,901 shares, compared to its average volume of 652,625. Franco-Nevada Co. has a 52-week low of $102.29 and a 52-week high of $137.60. The company has a market capitalization of $23.80 billion, a PE ratio of -39.99, a P/E/G ratio of 22.08 and a beta of 0.75. The firm’s fifty day moving average is $126.65 and its two-hundred day moving average is $124.10.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, equities research analysts predict that Franco-Nevada Co. will post 3.25 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, December 5th. Franco-Nevada’s dividend payout ratio is currently -45.57%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Jefferies Financial Group lowered their price target on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Bank of America downgraded Franco-Nevada from a “buy” rating to a “neutral” rating and lowered their target price for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. Finally, StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Franco-Nevada presently has an average rating of “Moderate Buy” and an average price target of $156.57.

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.