Vanguard Personalized Indexing Management LLC increases holdings in Franco-Nevada Co. (NYSE:FNV)

Vanguard Personalized Indexing Management LLC lifted its stake in Franco-Nevada Co. (NYSE:FNV – Free Report) (TSE:FNV) by 11.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,326 shares of the basic materials company’s stock after purchasing an additional 348 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Franco-Nevada were worth $394,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Mechanics Financial Corp boosted its stake in Franco-Nevada by 150.0% in the second quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 150 shares during the last quarter. Mather Group LLC. purchased a new position in Franco-Nevada during the second quarter valued at approximately $33,000. Kings Path Partners LLC acquired a new position in Franco-Nevada in the second quarter valued at about $36,000. Fortis Group Advisors LLC boosted its position in Franco-Nevada by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 176 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Franco-Nevada by 37.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 440 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s shares.

Changes in Analyst Ratings

A number of equities analysts have issued reports on the company. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Jefferies Financial Group upped their target price on Franco-Nevada from $129.00 to $133.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Scotiabank upped their target price on Franco-Nevada from $141.00 to $142.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, HC Wainwright reissued a “buy” rating and set a $185.00 target price on shares of Franco-Nevada in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.75, according to data from MarketBeat.

See our latest research report on FNV

Franco-Nevada stock performance

NYSE:FNV opened at $125.52 on Friday. Franco-Nevada Co. it has a one year low of $102.29 and a one year high of $142.60. The stock has a market cap of $24.15 billion, a PE ratio of -50.41, a P/E/G ratio of 21.28 and a beta of 0.76. The stock has a 50-day moving average price of $123.54 and a 200-day moving average price of $121.97.

Franco-Nevada (NYSE:FNV – Get Your Free Report ) (TSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The company had revenue of $260.10 million during the quarter, compared to analyst estimates of $277.44 million. During the same period in the previous year, the business posted EPS of $0.95. Franco-Nevada’s revenue for the quarter was down 21.2% compared to the same quarter last year. As a group, analysts predict that Franco-Nevada Co. will post 3.23 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.36 dividend. The ex-dividend date was Thursday, September 12. This represents an annualized dividend of $1.44 and a dividend yield of 1.15%. Franco-Nevada’s dividend yield is currently -57.83%.

Franco-Nevada Company Profile

(Free Report)

Franco-Nevada Corporation operates as a gold-focused streaming and royalty 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 by focusing 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.

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