Deutsche Bank AG Purchases 443,839 Shares of Franco-Nevada Corporation $FNV

Deutsche Bank AG grew its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 30.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,889,414 shares of the basic materials company’s stock after buying an additional 443,839 shares during the period. Deutsche Bank AG’s holdings in Franco-Nevada were worth $391,638,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Allianz Asset Management GmbH increased its position in shares of Franco-Nevada by 11.0% during the 4th quarter. Allianz Asset Management GmbH now owns 428,510 shares of the basic materials company’s stock worth $88,939,000 after purchasing an additional 42,612 shares during the last quarter. Claret Asset Management Corp increased its position in shares of Franco-Nevada by 3.4% during the 4th quarter. Claret Asset Management Corp now owns 1,669 shares of the basic materials company’s stock worth $346,000 after purchasing an additional 55 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Franco-Nevada by 22.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,670 shares of the basic materials company’s stock worth $1,590,000 after purchasing an additional 1,393 shares during the last quarter. Twin Tree Management LP increased its position in shares of Franco-Nevada by 118.2% during the 4th quarter. Twin Tree Management LP now owns 6,207 shares of the basic materials company’s stock worth $1,287,000 after purchasing an additional 40,235 shares during the last quarter. Finally, Syon Capital LLC increased 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 worth $506,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Trading Down 1.7%

FNV stock opened at $208.51 on Thursday. The firm has a market capitalization of $40.21 billion, a PE ratio of 29.37, a PEG ratio of 1.85 and a beta of 0.34. Franco-Nevada Corporation has a 1-year low of $152.89 and a 1-year high of $285.67. The business’s 50 day simple moving average is $238.61 and its 200 day simple moving average is $235.93.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.29. The business had revenue of $650.70 million for the quarter, compared to analyst estimates of $634.43 million. Franco-Nevada had a return on equity of 18.10% and a net margin of 65.12%.The firm’s revenue was up 76.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 EPS. As a group, sell-side analysts predict that Franco-Nevada Corporation will post 8.85 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. Franco-Nevada’s payout ratio is presently 24.79%.

Wall Street Analyst Weigh In

FNV has been the topic of several recent analyst reports. National Bank Financial raised Franco-Nevada from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered Franco-Nevada from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a research report on Wednesday, May 20th. TD raised Franco-Nevada from a “hold” rating to a “buy” rating and lowered their price target for the stock from $292.00 to $291.00 in a research report on Wednesday, May 20th. Finally, Zacks Research lowered Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Franco-Nevada has an average rating of “Moderate Buy” and a consensus target price of $271.00.

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.