U S Global Investors Inc. Has $18.51 Million Holdings in Franco-Nevada Corporation $FNV

U S Global Investors Inc. lifted its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 8.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 89,311 shares of the basic materials company’s stock after buying an additional 6,774 shares during the quarter. Franco-Nevada makes up about 2.0% of U S Global Investors Inc.’s holdings, making the stock its 13th biggest holding. U S Global Investors Inc.’s holdings in Franco-Nevada were worth $18,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Franco-Nevada by 112.3% in the 4th quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock worth $25,000 after buying an additional 64 shares in the last quarter. Burkett Financial Services LLC acquired a new position in shares of Franco-Nevada in the 3rd quarter worth approximately $28,000. Private Trust Co. NA acquired a new position in shares of Franco-Nevada in the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 buying an additional 168 shares in the last quarter. Finally, Stephens Consulting LLC acquired a new position in shares of Franco-Nevada in the 4th quarter worth approximately $36,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut Franco-Nevada from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. HC Wainwright increased their target price on Franco-Nevada from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Canaccord Genuity Group cut Franco-Nevada from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings raised Franco-Nevada from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 20th. Finally, Scotiabank raised their price target on Franco-Nevada from $283.00 to $286.00 and gave the company a “sector perform” rating in a report on Monday, March 16th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $257.25.

Franco-Nevada Price Performance

FNV stock opened at $243.99 on Friday. The business has a fifty day moving average price of $254.62 and a 200 day moving average price of $228.45. Franco-Nevada Corporation has a fifty-two week low of $152.89 and a fifty-two week high of $285.67. The stock has a market capitalization of $47.06 billion, a price-to-earnings ratio of 42.36, a P/E/G ratio of 2.63 and a beta of 0.47.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released 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. Franco-Nevada had a return on equity of 15.62% and a net margin of 61.01%.The firm had revenue of $597.30 million during the quarter, compared to analysts’ expectations of $542.02 million. During the same period last year, the firm posted $0.95 EPS. The business’s revenue was up 86.1% on a year-over-year basis. On average, equities analysts expect that Franco-Nevada Corporation will post 7.81 earnings per share for the current fiscal year.

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.