Wealth Enhancement Advisory Services LLC Purchases 973 Shares of Franco-Nevada Co. (NYSE:FNV)

Wealth Enhancement Advisory Services LLC raised its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 35.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,699 shares of the basic materials company’s stock after purchasing an additional 973 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Franco-Nevada were worth $435,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. purchased a new stake in shares of Franco-Nevada in the fourth quarter worth approximately $49,000. Harbour Investments Inc. grew its position in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 93 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Franco-Nevada by 538.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 512 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Franco-Nevada during the fourth quarter worth $73,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Franco-Nevada by 25.6% during the fourth quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 126 shares during the period. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Trading Up 1.6%

Shares of NYSE:FNV opened at $167.61 on Friday. The company has a market capitalization of $32.29 billion, a PE ratio of -53.04, a P/E/G ratio of 9.78 and a beta of 0.42. Franco-Nevada Co. has a 12-month low of $112.70 and a 12-month high of $179.99. The business’s fifty day simple moving average is $165.98 and its 200-day simple moving average is $145.45.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. The company had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm’s revenue for the quarter was up 43.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 earnings per share. Research analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, June 12th. Franco-Nevada’s payout ratio is currently 47.50%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. National Bankshares reaffirmed a “sector perform” rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. Royal Bank of Canada raised their target price on shares of Franco-Nevada from $160.00 to $190.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. Raymond James set a $186.00 price target on shares of Franco-Nevada and gave the company an “outperform” rating in a research note on Wednesday, May 28th. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, March 11th. Finally, HC Wainwright restated a “buy” rating and set a $195.00 price objective (up from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus price target of $169.63.

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.