SG Americas Securities LLC Boosts Stock Position in Franco-Nevada Co. (NYSE:FNV)

SG Americas Securities LLC lifted its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,643 shares of the basic materials company’s stock after purchasing an additional 1,168 shares during the period. SG Americas Securities LLC’s holdings in Franco-Nevada were worth $4,309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNV. Laurel Wealth Advisors LLC purchased a new position in Franco-Nevada in the fourth quarter valued at about $47,000. Sunbelt Securities Inc. grew its holdings in Franco-Nevada by 3,333.3% during the second quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 400 shares during the period. Point72 DIFC Ltd purchased a new stake in Franco-Nevada in the third quarter worth $52,000. Erste Asset Management GmbH purchased a new position in shares of Franco-Nevada during the 3rd quarter valued at $55,000. Finally, Birch Capital Management LLC grew its stake in shares of Franco-Nevada by 37.9% during the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 298 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Price Performance

FNV opened at $130.18 on Friday. Franco-Nevada Co. has a 1 year low of $103.64 and a 1 year high of $137.60. The firm has a market cap of $25.06 billion, a price-to-earnings ratio of -41.20, a PEG ratio of 7.08 and a beta of 0.72. The stock’s 50 day simple moving average is $122.29 and its 200 day simple moving average is $124.05.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share 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 business had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $279.11 million. During the same quarter last year, the business posted $0.91 EPS. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Franco-Nevada Co. will post 3.18 EPS for the current year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.44 annualized dividend and a yield of 1.11%. Franco-Nevada’s payout ratio is -45.57%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. HC Wainwright lowered their price target on Franco-Nevada from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Jefferies Financial Group cut their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Scotiabank dropped their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Finally, UBS Group started coverage on Franco-Nevada in a research note on Monday, November 18th. They set a “buy” rating and a $160.00 price target for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.33.

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.