Brown Advisory Inc. Makes New $205,000 Investment in Franco-Nevada Corporation (NYSE:FNV)

Brown Advisory Inc. acquired a new position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,303 shares of the basic materials company’s stock, valued at approximately $205,000.

Several other hedge funds have also bought and sold shares of FNV. CX Institutional purchased a new position in shares of Franco-Nevada during the 1st quarter valued at approximately $30,000. Nexus Investment Management ULC acquired a new position in Franco-Nevada in the 1st quarter valued at $35,000. Hexagon Capital Partners LLC raised its stake in Franco-Nevada by 494.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 188 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Franco-Nevada by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 115 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in Franco-Nevada in the 1st quarter valued at $55,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FNV shares. BMO Capital Markets reissued an “outperform” rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. National Bankshares reaffirmed a “sector perform” rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Royal Bank Of Canada raised their price objective 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. CIBC reissued an “outperform” rating on shares of Franco-Nevada in a research report on Tuesday. Finally, Raymond James Financial set a $186.00 price objective on Franco-Nevada and gave the stock an “outperform” rating in a research report on Wednesday, May 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $172.13.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $156.16 on Thursday. The business has a 50-day moving average of $165.17 and a 200 day moving average of $152.64. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of 48.80, a price-to-earnings-growth ratio of 2.15 and a beta of 0.41. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $179.99.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The company had revenue of $368.40 million during the quarter, compared to analysts’ expectations of $328.79 million. During the same quarter in the previous year, the business posted $0.76 EPS. The firm’s revenue was up 43.5% on a year-over-year basis. Equities research analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, June 12th. Franco-Nevada’s payout ratio is 47.50%.

Franco-Nevada Company 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.