Aubrey Capital Management Ltd Purchases 1,942 Shares of Franco-Nevada Co. (NYSE:FNV)

Aubrey Capital Management Ltd boosted its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 26.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,253 shares of the basic materials company’s stock after purchasing an additional 1,942 shares during the period. Aubrey Capital Management Ltd’s holdings in Franco-Nevada were worth $1,149,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNV. Graham Capital Wealth Management LLC grew its position in Franco-Nevada by 0.4% during the 2nd quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company’s stock worth $2,511,000 after acquiring an additional 86 shares during the last quarter. Meixler Investment Management Ltd. increased its stake in shares of Franco-Nevada by 0.5% in the second quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock valued at $2,543,000 after buying an additional 101 shares in the last quarter. Natixis Advisors LLC increased 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. Huntington National Bank raised its holdings in shares of Franco-Nevada by 7.4% in the third quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock valued at $185,000 after buying an additional 102 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in Franco-Nevada by 33.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock worth $52,000 after buying an additional 110 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

Shares of NYSE:FNV opened at $113.24 on Thursday. The firm’s 50 day simple moving average is $126.37 and its 200 day simple moving average is $124.05. Franco-Nevada Co. has a fifty-two week low of $102.29 and a fifty-two week high of $137.60. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of -35.84, a P/E/G ratio of 19.40 and a beta of 0.75.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. During the same period in the prior year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities research analysts expect that Franco-Nevada Co. will post 3.22 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a yield of 1.27%. Franco-Nevada’s payout ratio is -45.57%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Scotiabank lowered 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 report on Friday, November 8th. Jefferies Financial Group dropped their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Bank of America cut 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 research note on Tuesday, October 1st. Finally, HC Wainwright upped their price target on Franco-Nevada from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada has an average rating of “Moderate Buy” and a consensus target price 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.