St. Johns Investment Management Company LLC Takes Position in Franco-Nevada Co. (NYSE:FNV)

St. Johns Investment Management Company LLC bought a new stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) in the first quarter, HoldingsChannel reports. The institutional investor bought 1,400 shares of the basic materials company’s stock, valued at approximately $167,000.

Other institutional investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC bought a new stake in shares of Franco-Nevada during the 3rd quarter valued at $30,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Franco-Nevada during the 4th quarter worth $34,000. Allworth Financial LP raised its holdings in shares of Franco-Nevada by 5,750.0% during the 4th quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after buying an additional 345 shares in the last quarter. Fortis Group Advisors LLC raised its holdings in shares of Franco-Nevada by 100.0% during the 4th 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 in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Franco-Nevada by 37.1% during the 1st 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 in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Price Performance

Shares of FNV stock opened at $118.63 on Thursday. The stock has a 50-day moving average of $121.92 and a 200-day moving average of $115.18. Franco-Nevada Co. has a 1-year low of $102.29 and a 1-year high of $149.06.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. The company had revenue of $256.80 million during the quarter, compared to analysts’ expectations of $250.50 million. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Research analysts expect that Franco-Nevada Co. will post 3.19 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. Franco-Nevada’s payout ratio is -57.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FNV shares. Scotiabank boosted their price target on Franco-Nevada from $140.00 to $141.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Bank of America boosted their price target on Franco-Nevada from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday. TheStreet cut Franco-Nevada from a “c+” rating to a “d+” rating in a report on Tuesday, March 5th. HC Wainwright upped their target price on Franco-Nevada from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Raymond James upped their target price on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $149.30.

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.