Franco-Nevada Corporation $FNV Stake Raised by QV Investors Inc.

QV Investors Inc. increased its holdings in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 246,397 shares of the basic materials company’s stock after purchasing an additional 1,728 shares during the period. Franco-Nevada accounts for about 4.0% of QV Investors Inc.’s investment portfolio, making the stock its 9th biggest holding. QV Investors Inc.’s holdings in Franco-Nevada were worth $40,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its holdings in Franco-Nevada by 10.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 64 shares in the last quarter. Beacon Financial Group grew its holdings in Franco-Nevada by 1.0% during the 2nd quarter. Beacon Financial Group now owns 7,169 shares of the basic materials company’s stock worth $1,175,000 after acquiring an additional 72 shares in the last quarter. Kiker Wealth Management LLC grew its holdings in Franco-Nevada by 20.5% during the 2nd quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 80 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in Franco-Nevada by 22.7% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 95 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Franco-Nevada by 10.9% during the 2nd quarter. Blue Trust Inc. now owns 973 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FNV. Bank of America upped their target price on shares of Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Wall Street Zen cut shares of Franco-Nevada from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group upped their target price on shares of Franco-Nevada from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Zacks Research upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $216.14.

Franco-Nevada Stock Performance

FNV stock opened at $190.04 on Friday. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $225.63. The stock has a market capitalization of $36.62 billion, a PE ratio of 46.69, a price-to-earnings-growth ratio of 1.76 and a beta of 0.42. The company has a fifty day moving average of $200.86 and a 200-day moving average of $178.07.

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

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, September 11th. Franco-Nevada’s dividend payout ratio (DPR) is 37.35%.

About Franco-Nevada

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.