O Brien Greene & Co. Inc Purchases 998 Shares of Franco-Nevada Co. (NYSE:FNV)

O Brien Greene & Co. Inc lifted its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 54,544 shares of the basic materials company’s stock after acquiring an additional 998 shares during the period. Franco-Nevada makes up 2.0% of O Brien Greene & Co. Inc’s holdings, making the stock its 21st largest holding. O Brien Greene & Co. Inc’s holdings in Franco-Nevada were worth $6,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in FNV. Mechanics Financial Corp increased its holdings in Franco-Nevada by 150.0% during the second quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company’s stock worth $30,000 after buying an additional 150 shares during the last quarter. Mather Group LLC. purchased a new stake in Franco-Nevada during the second quarter worth about $33,000. Kings Path Partners LLC purchased a new stake in Franco-Nevada during the second quarter worth about $36,000. Fortis Group Advisors LLC increased its holdings in Franco-Nevada by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock worth $39,000 after buying an additional 176 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Franco-Nevada by 37.1% during the first quarter. Massmutual Trust Co. FSB ADV now owns 440 shares of the basic materials company’s stock worth $52,000 after buying an additional 119 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Scotiabank raised their price objective on shares of Franco-Nevada from $141.00 to $142.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Jefferies Financial Group lifted their target price on shares of Franco-Nevada from $129.00 to $133.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. TD Cowen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Bank of America lifted their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus target price of $152.75.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $124.56 on Wednesday. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $145.74. The firm has a market cap of $23.97 billion, a PE ratio of -50.02, a PEG ratio of 20.59 and a beta of 0.76. The company has a 50 day simple moving average of $123.53 and a two-hundred day simple moving average of $121.13.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share (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 for the quarter, compared to the consensus estimate of $277.44 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was down 21.2% compared to the same quarter last year. As a group, research analysts anticipate that Franco-Nevada Co. will post 3.2 earnings per share for the current year.

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. Franco-Nevada’s payout ratio is -57.83%.

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.