Edmond DE Rothschild Holding S.A. Buys 553 Shares of Franco-Nevada Corporation $FNV

Edmond DE Rothschild Holding S.A. lifted its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 2.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 23,311 shares of the basic materials company’s stock after buying an additional 553 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Franco-Nevada were worth $3,812,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new position in Franco-Nevada in the 2nd quarter worth approximately $32,000. Golden State Wealth Management LLC grew its holdings in shares of Franco-Nevada by 78.3% in the second quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 90 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Franco-Nevada by 590.9% in the second quarter. CENTRAL TRUST Co now owns 228 shares of the basic materials company’s stock worth $37,000 after buying an additional 195 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Franco-Nevada in the second quarter worth $57,000. Finally, Kiker Wealth Management LLC boosted its position in Franco-Nevada by 20.5% during the 2nd quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock valued at $77,000 after buying an additional 80 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Price Performance

Shares of FNV opened at $200.92 on Wednesday. The company has a 50-day simple moving average of $201.88 and a two-hundred day simple moving average of $182.02. The firm has a market capitalization of $38.73 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40. Franco-Nevada Corporation has a one year low of $114.81 and a one year high of $225.63.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Monday, November 3rd. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.06. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The firm had revenue of $487.70 million during the quarter, compared to analyst estimates of $448.51 million. During the same quarter in the prior year, the company earned $0.80 EPS. The business’s revenue was up 76.9% compared to the same quarter last year. Analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, December 4th. Franco-Nevada’s payout ratio is 31.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. UBS Group raised their target price on Franco-Nevada from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Zacks Research raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. TD Securities dropped their price objective on Franco-Nevada from $247.00 to $225.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. Finally, HC Wainwright lifted their price objective on Franco-Nevada from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $223.43.

About Franco-Nevada

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.