America First Investment Advisors LLC Buys 6,717 Shares of Franco-Nevada Co. (NYSE:FNV)

America First Investment Advisors LLC grew its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,765 shares of the basic materials company’s stock after buying an additional 6,717 shares during the quarter. Franco-Nevada accounts for 4.5% of America First Investment Advisors LLC’s investment portfolio, making the stock its 16th biggest position. America First Investment Advisors LLC’s holdings in Franco-Nevada were worth $20,099,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Beddow Capital Management Inc. raised its holdings in shares of Franco-Nevada by 1.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 57,882 shares of the basic materials company’s stock valued at $7,192,000 after buying an additional 790 shares in the last quarter. Drive Wealth Management LLC grew its position in Franco-Nevada by 11.9% during the third quarter. Drive Wealth Management LLC now owns 3,355 shares of the basic materials company’s stock valued at $417,000 after acquiring an additional 356 shares during the last quarter. Swiss National Bank raised its stake in shares of Franco-Nevada by 0.8% during the third quarter. Swiss National Bank now owns 581,560 shares of the basic materials company’s stock worth $72,347,000 after acquiring an additional 4,900 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Franco-Nevada by 6.5% in the 3rd quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company’s stock worth $2,535,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of Franco-Nevada by 22.7% in the 3rd quarter. Metis Global Partners LLC now owns 15,153 shares of the basic materials company’s stock valued at $1,882,000 after purchasing an additional 2,807 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Trading Up 0.2 %

Shares of NYSE FNV opened at $121.49 on Thursday. Franco-Nevada Co. has a 1 year low of $102.29 and a 1 year high of $137.60. The company’s 50-day moving average is $126.17 and its 200 day moving average is $123.91.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $275.70 million during the quarter, compared to the consensus estimate of $279.11 million. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue was down 10.9% on a year-over-year basis. On average, research analysts anticipate that Franco-Nevada Co. will post 3.22 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, December 5th. Franco-Nevada’s dividend payout ratio (DPR) is presently -45.57%.

Analysts Set New Price Targets

A number of equities analysts recently commented on FNV shares. Bank of America cut shares of Franco-Nevada from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $142.00 to $139.00 in a research report on Tuesday, October 1st. TD Cowen raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. StockNews.com upgraded Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group lowered their price objective on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, HC Wainwright lifted their target price on shares of Franco-Nevada from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.