Tevis Investment Management Buys 3,820 Shares of Franco-Nevada Corporation $FNV

Tevis Investment Management grew its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 31.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,777 shares of the basic materials company’s stock after purchasing an additional 3,820 shares during the quarter. Franco-Nevada makes up about 1.7% of Tevis Investment Management’s holdings, making the stock its 17th largest position. Tevis Investment Management’s holdings in Franco-Nevada were worth $2,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its holdings in shares of Franco-Nevada by 10.3% in the first quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 64 shares in the last quarter. Beacon Financial Group lifted its holdings in shares of Franco-Nevada by 1.0% in the second quarter. Beacon Financial Group now owns 7,169 shares of the basic materials company’s stock valued at $1,175,000 after purchasing an additional 72 shares in the last quarter. Kiker Wealth Management LLC lifted its holdings in shares of Franco-Nevada by 20.5% in the second quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 80 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Franco-Nevada by 22.7% in the second quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 95 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Franco-Nevada by 10.9% in the second quarter. Blue Trust Inc. now owns 973 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Raymond James Financial lifted their price target on Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. UBS Group lifted their price target on Franco-Nevada from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings upgraded Franco-Nevada from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday. Finally, Wall Street Zen lowered Franco-Nevada from a “buy” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.14.

Franco-Nevada Price Performance

NYSE:FNV opened at $183.98 on Tuesday. The company has a market capitalization of $35.45 billion, a P/E ratio of 45.20, a P/E/G ratio of 1.76 and a beta of 0.42. The business has a fifty day simple moving average of $201.01 and a two-hundred day simple moving average of $178.51. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $225.63.

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

Franco-Nevada Announces Dividend

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