Allworth Financial LP Has $39,000 Holdings in Franco-Nevada Co. (NYSE:FNV)

Allworth Financial LP boosted its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 5,750.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 351 shares of the basic materials company’s stock after acquiring an additional 345 shares during the quarter. Allworth Financial LP’s holdings in Franco-Nevada were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Franco-Nevada by 1.6% in the third quarter. Vanguard Group Inc. now owns 7,104,384 shares of the basic materials company’s stock valued at $948,364,000 after purchasing an additional 112,274 shares during the last quarter. Invesco Ltd. grew its position in shares of Franco-Nevada by 11.9% in the third quarter. Invesco Ltd. now owns 491,631 shares of the basic materials company’s stock valued at $65,628,000 after purchasing an additional 52,401 shares during the last quarter. TD Asset Management Inc grew its position in shares of Franco-Nevada by 0.4% in the third quarter. TD Asset Management Inc now owns 2,232,515 shares of the basic materials company’s stock valued at $299,425,000 after purchasing an additional 9,482 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Franco-Nevada by 22.6% in the third quarter. Lazard Asset Management LLC now owns 103,383 shares of the basic materials company’s stock valued at $13,800,000 after purchasing an additional 19,067 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. grew its position in shares of Franco-Nevada by 270.4% in the third quarter. Montrusco Bolton Investments Inc. now owns 405,712 shares of the basic materials company’s stock valued at $54,414,000 after purchasing an additional 296,169 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on FNV shares. Jefferies Financial Group started coverage on Franco-Nevada in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price on the stock. Scotiabank reduced their price target on Franco-Nevada from $141.00 to $139.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 7th. Raymond James increased their price target on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America reduced their price target on Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Finally, TheStreet downgraded Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.30.

Franco-Nevada Price Performance

NYSE FNV opened at $118.05 on Monday. The business has a fifty day moving average price of $112.92 and a two-hundred day moving average price of $116.40. Franco-Nevada Co. has a fifty-two week low of $102.29 and a fifty-two week high of $161.25. The stock has a market capitalization of $22.69 billion, a PE ratio of -48.58, a PEG ratio of 6.49 and a beta of 0.71.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.10. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. The company had revenue of $303.30 million during the quarter. As a group, sell-side analysts expect that Franco-Nevada Co. will post 2.75 earnings per share for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, March 13th. Franco-Nevada’s dividend payout ratio is presently -55.97%.

About Franco-Nevada

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.