Franco-Nevada Corporation $FNV Shares Bought by Quantitative Investment Management LLC

Quantitative Investment Management LLC increased its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 448.4% during the second quarter, Holdings Channel reports. The firm owned 6,641 shares of the basic materials company’s stock after purchasing an additional 5,430 shares during the period. Quantitative Investment Management LLC’s holdings in Franco-Nevada were worth $1,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FNV. Composition Wealth LLC boosted its holdings in Franco-Nevada by 0.8% during the fourth quarter. Composition Wealth LLC now owns 6,108 shares of the basic materials company’s stock worth $1,266,000 after buying an additional 49 shares in the last quarter. Clark Capital Management Group Inc. increased its holdings in shares of Franco-Nevada by 1.0% in 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 buying an additional 50 shares in the last quarter. Syon Capital LLC lifted its position in shares of Franco-Nevada by 2.1% during the 4th quarter. Syon Capital LLC now owns 2,443 shares of the basic materials company’s stock valued at $506,000 after acquiring an additional 51 shares during the last quarter. PFG Investments LLC lifted its position in shares of 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 acquiring an additional 52 shares during the last quarter. Finally, Guardian Partners Inc. boosted its stake in shares of Franco-Nevada by 3.2% during the 4th quarter. Guardian Partners Inc. now owns 1,692 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 52 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. HC Wainwright restated a “buy” rating and issued a $305.00 target price on shares of Franco-Nevada in a report on Wednesday, May 13th. Wall Street Zen downgraded Franco-Nevada from a “buy” rating to a “hold” rating in a report on Monday, June 1st. National Bank Financial upgraded Franco-Nevada from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Franco-Nevada from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Royal Bank Of Canada decreased their target price on shares of Franco-Nevada from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $273.40.

Franco-Nevada Trading Down 1.2%

NYSE:FNV opened at $263.04 on Tuesday. The business’s fifty day moving average price is $224.99 and its 200 day moving average price is $236.28. The firm has a market capitalization of $50.73 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 2.46 and a beta of 0.35. Franco-Nevada Corporation has a 1-year low of $181.50 and a 1-year high of $285.67.

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

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 10th. Franco-Nevada’s dividend payout ratio is 23.01%.

Franco-Nevada 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.