Semanteon Capital Management LP Purchases New Shares in Franco-Nevada Co. (NYSE:FNV)

Semanteon Capital Management LP purchased a new stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,730 shares of the basic materials company’s stock, valued at approximately $1,189,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp raised its position in Franco-Nevada by 15.6% in the 4th quarter. Mackenzie Financial Corp now owns 1,472,264 shares of the basic materials company’s stock valued at $163,156,000 after purchasing an additional 198,144 shares during the last quarter. Vanguard Group Inc. raised its position in Franco-Nevada by 1.6% in the 3rd 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. Beddow Capital Management Inc. increased its stake in Franco-Nevada by 3.8% in the 4th quarter. Beddow Capital Management Inc. now owns 56,639 shares of the basic materials company’s stock valued at $6,276,000 after buying an additional 2,059 shares during the period. Invesco Ltd. increased its stake in Franco-Nevada by 11.9% in the 3rd quarter. Invesco Ltd. now owns 491,631 shares of the basic materials company’s stock valued at $65,628,000 after buying an additional 52,401 shares during the period. Finally, TD Asset Management Inc increased its stake in Franco-Nevada by 0.4% in the 3rd quarter. TD Asset Management Inc now owns 2,232,515 shares of the basic materials company’s stock valued at $299,425,000 after buying an additional 9,482 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a research note on Monday. Raymond James boosted their price objective on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Bank of America dropped their price objective on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Scotiabank boosted their price objective on shares of Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a research note on Thursday, April 18th. Finally, TheStreet cut shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $148.60.

Franco-Nevada Trading Up 2.2 %

Shares of NYSE:FNV traded up $2.60 on Thursday, reaching $121.61. 629,141 shares of the company were exchanged, compared to its average volume of 735,067. Franco-Nevada Co. has a 1-year low of $102.29 and a 1-year high of $161.25. The firm has a market cap of $23.39 billion, a price-to-earnings ratio of -49.29, a price-to-earnings-growth ratio of 6.22 and a beta of 0.71. The company has a 50-day moving average of $114.80 and a 200-day moving average of $115.83.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data 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. The firm had revenue of $303.30 million for the quarter. Franco-Nevada had a negative net margin of 38.26% and a positive return on equity of 10.61%. As a group, analysts forecast that Franco-Nevada Co. will post 2.9 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. 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%.

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.