Franco-Nevada Corporation (NYSE:FNV) Shares Purchased by Global View Capital Management LLC

Global View Capital Management LLC lifted its position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,686 shares of the basic materials company’s stock after purchasing an additional 446 shares during the quarter. Global View Capital Management LLC’s holdings in Franco-Nevada were worth $581,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CX Institutional acquired a new stake in Franco-Nevada during the 1st quarter worth approximately $30,000. Cullen Frost Bankers Inc. acquired a new stake in Franco-Nevada during the 1st quarter worth approximately $32,000. Nexus Investment Management ULC acquired a new stake in Franco-Nevada during the 1st quarter worth approximately $35,000. Hexagon Capital Partners LLC lifted its position in Franco-Nevada by 494.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 188 shares during the period. Finally, Golden State Wealth Management LLC lifted its position in Franco-Nevada by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 115 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

NYSE FNV opened at $177.02 on Friday. Franco-Nevada Corporation has a 1-year low of $112.70 and a 1-year high of $180.98. The company has a market capitalization of $34.11 billion, a P/E ratio of 43.49, a PEG ratio of 2.36 and a beta of 0.36. The business has a 50 day moving average price of $165.02 and a 200 day moving average price of $159.03.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. The firm had revenue of $369.40 million during the quarter, compared to the consensus estimate of $382.70 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%. Franco-Nevada’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. On average, research analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.52 annualized dividend and a yield of 0.9%. Franco-Nevada’s dividend payout ratio (DPR) is presently 37.35%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FNV shares. Royal Bank Of Canada increased their price objective on Franco-Nevada from $160.00 to $190.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. Scotiabank increased their target price on Franco-Nevada from $182.00 to $184.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 12th. BMO Capital Markets reissued an “outperform” rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. Raymond James Financial increased their target price on Franco-Nevada from $186.00 to $188.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Finally, HC Wainwright increased their target price on Franco-Nevada from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.88.

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.