Oxbow Advisors LLC Acquires 15,260 Shares of Franco-Nevada Corporation $FNV

Oxbow Advisors LLC boosted its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 76.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,332 shares of the basic materials company’s stock after buying an additional 15,260 shares during the period. Oxbow Advisors LLC’s holdings in Franco-Nevada were worth $7,324,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FNV. GAMMA Investing LLC increased its position in shares of Franco-Nevada by 112.3% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 64 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Franco-Nevada during the third quarter worth $28,000. Private Trust Co. NA bought a new stake in Franco-Nevada in the 4th quarter valued at $29,000. Smartleaf Asset Management LLC boosted its stake in Franco-Nevada by 600.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 168 shares during the period. Finally, Stephens Consulting LLC acquired a new position in Franco-Nevada in the 4th quarter worth $36,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FNV. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Franco-Nevada in a research note on Wednesday, February 4th. Zacks Research cut Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. UBS Group reiterated a “buy” rating and set a $310.00 price objective on shares of Franco-Nevada in a report on Friday, January 30th. Wall Street Zen raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Weiss Ratings upgraded Franco-Nevada from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 20th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.25.

Franco-Nevada Stock Performance

NYSE:FNV opened at $231.92 on Friday. Franco-Nevada Corporation has a 52-week low of $152.89 and a 52-week high of $285.67. The company has a market cap of $44.73 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.24 and a beta of 0.34. The stock’s 50-day simple moving average is $250.51 and its 200 day simple moving average is $229.93.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, March 10th. The basic materials company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.18. The firm had revenue of $597.30 million during the quarter, compared to the consensus estimate of $542.02 million. Franco-Nevada had a return on equity of 15.62% and a net margin of 61.01%.The business’s revenue was up 86.1% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. As a group, equities analysts predict that Franco-Nevada Corporation will post 7.89 earnings per share for the current fiscal year.

Franco-Nevada Company Profile

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.