Groupe la Francaise Buys 15,000 Shares of Franco-Nevada Corporation $FNV

Groupe la Francaise boosted its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,000 shares of the basic materials company’s stock after acquiring an additional 15,000 shares during the quarter. Groupe la Francaise’s holdings in Franco-Nevada were worth $35,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Clark Capital Management Group Inc. boosted its stake in shares of Franco-Nevada by 1.0% during the fourth quarter. Clark Capital Management Group Inc. now owns 5,054 shares of the basic materials company’s stock valued at $1,048,000 after purchasing an additional 50 shares during the period. Syon Capital LLC increased its stake in shares of Franco-Nevada by 2.1% in the fourth quarter. Syon Capital LLC now owns 2,443 shares of the basic materials company’s stock worth $506,000 after buying an additional 51 shares during the period. PFG Investments LLC raised its holdings in Franco-Nevada by 0.7% during the 1st quarter. PFG Investments LLC now owns 7,211 shares of the basic materials company’s stock valued at $1,782,000 after buying an additional 52 shares during the last quarter. Guardian Partners Inc. boosted its position in Franco-Nevada by 3.2% during the 4th quarter. Guardian Partners Inc. now owns 1,692 shares of the basic materials company’s stock valued at $351,000 after buying an additional 52 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Franco-Nevada by 2.1% in the 1st quarter. Parallel Advisors LLC now owns 2,605 shares of the basic materials company’s stock worth $644,000 after acquiring an additional 53 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Stock Up 0.1%

FNV opened at $266.35 on Monday. Franco-Nevada Corporation has a 52 week low of $181.50 and a 52 week high of $285.67. The stock has a market cap of $51.37 billion, a PE ratio of 34.82, a PEG ratio of 2.46 and a beta of 0.39. The business has a 50 day moving average of $229.07 and a 200-day moving average of $236.64.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.14). The firm had revenue of $580.90 million during the quarter, compared to analysts’ expectations of $616.66 million. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%.Franco-Nevada’s revenue for the quarter was up 57.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 earnings per share. Equities analysts anticipate that Franco-Nevada Corporation will post 7.54 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, September 10th. Franco-Nevada’s dividend payout ratio (DPR) is presently 23.01%.

Analyst Upgrades and Downgrades

FNV has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating in a research note on Monday, June 1st. Bank of America dropped their price objective on Franco-Nevada from $276.00 to $238.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group reduced their target price on Franco-Nevada from $258.00 to $245.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. Royal Bank Of Canada cut their price target on shares of Franco-Nevada from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and set a $291.00 price objective on the stock in a research report on Wednesday, May 20th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Franco-Nevada presently has an average rating of “Moderate Buy” and a consensus target price of $273.40.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.