FORA Capital LLC Buys 3,362 Shares of Franco-Nevada Corporation $FNV

FORA Capital LLC lifted its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 169.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,342 shares of the basic materials company’s stock after acquiring an additional 3,362 shares during the period. FORA Capital LLC’s holdings in Franco-Nevada were worth $842,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FNV. SBI Securities Co. Ltd. increased its position in Franco-Nevada by 10.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company’s stock worth $108,000 after buying an additional 64 shares during the period. Confluence Investment Management LLC increased its position in Franco-Nevada by 1.5% in the 1st quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company’s stock worth $926,000 after buying an additional 84 shares during the period. Public Sector Pension Investment Board increased its position in Franco-Nevada by 0.5% in the 1st quarter. Public Sector Pension Investment Board now owns 18,550 shares of the basic materials company’s stock worth $2,917,000 after buying an additional 100 shares during the period. CoreCommodity Management LLC increased its position in Franco-Nevada by 2.9% in the 4th quarter. CoreCommodity Management LLC now owns 3,869 shares of the basic materials company’s stock worth $455,000 after buying an additional 108 shares during the period. Finally, Trust Co. of Vermont increased its position in Franco-Nevada by 10.0% in the 1st quarter. Trust Co. of Vermont now owns 1,265 shares of the basic materials company’s stock worth $199,000 after buying an additional 115 shares during the period. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Trading Down 0.0%

FNV opened at $185.78 on Thursday. The stock has a market cap of $35.80 billion, a PE ratio of 45.65, a P/E/G ratio of 2.48 and a beta of 0.36. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $186.41. The stock’s 50 day simple moving average is $167.08 and its 200-day simple moving average is $161.21.

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

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.52 annualized dividend and a yield of 0.8%. Franco-Nevada’s payout ratio is currently 37.35%.

Wall Street Analyst Weigh In

FNV has been the topic of several recent analyst reports. TD Securities lifted their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a “hold” rating in a research report on Tuesday, August 12th. UBS Group lifted their price target on Franco-Nevada from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Raymond James Financial lifted their price target on Franco-Nevada from $186.00 to $188.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Royal Bank Of Canada lifted their price target on Franco-Nevada from $160.00 to $190.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. Finally, Zacks Research cut Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.88.

Franco-Nevada Profile

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.