Janney Montgomery Scott LLC Raises Holdings in Franco-Nevada Co. (NYSE:FNV)

Janney Montgomery Scott LLC increased its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,286 shares of the basic materials company’s stock after acquiring an additional 241 shares during the period. Janney Montgomery Scott LLC’s holdings in Franco-Nevada were worth $1,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new position in Franco-Nevada in the fourth quarter valued at $47,000. Point72 DIFC Ltd purchased a new position in shares of Franco-Nevada in the 3rd quarter valued at about $52,000. Erste Asset Management GmbH acquired a new position in Franco-Nevada in the 3rd quarter worth about $55,000. Birch Capital Management LLC raised its holdings in Franco-Nevada by 37.9% in the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 298 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Franco-Nevada during the third quarter worth approximately $147,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Stock Performance

FNV stock opened at $136.06 on Monday. Franco-Nevada Co. has a one year low of $103.64 and a one year high of $138.34. The firm has a market cap of $26.20 billion, a PE ratio of -43.06, a PEG ratio of 5.90 and a beta of 0.72. The firm’s 50 day moving average price is $123.40 and its 200-day moving average price is $124.19.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results 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). Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. During the same period last year, the company earned $0.91 EPS. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. Equities research analysts predict that Franco-Nevada Co. will post 3.19 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. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.12%. Franco-Nevada’s dividend payout ratio is -45.57%.

Wall Street Analyst Weigh In

FNV has been the subject of several recent analyst reports. Scotiabank cut their price target on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Jefferies Financial Group reduced their price target 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. HC Wainwright reaffirmed a “buy” rating and issued a $155.00 price target on shares of Franco-Nevada in a research note on Tuesday, January 28th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

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.