Franco-Nevada Corporation (NYSE:FNV) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 36.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 58,388 shares of the basic materials company’s stock after buying an additional 15,483 shares during the period. Envestnet Asset Management Inc.’s holdings in Franco-Nevada were worth $9,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FNV. Harbour Investments Inc. raised its stake in shares of Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 93 shares during the period. Magnetar Financial LLC acquired a new position in shares of Franco-Nevada in the 4th quarter valued at about $290,000. American Century Companies Inc. boosted its holdings in shares of Franco-Nevada by 16.9% in the 4th quarter. American Century Companies Inc. now owns 244,598 shares of the basic materials company’s stock valued at $28,761,000 after buying an additional 35,406 shares during the period. Guardian Partners Inc. acquired a new position in shares of Franco-Nevada in the 4th quarter valued at about $298,000. Finally, LPL Financial LLC lifted its position in Franco-Nevada by 6.3% in the 4th quarter. LPL Financial LLC now owns 30,843 shares of the basic materials company’s stock valued at $3,627,000 after purchasing an additional 1,818 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

NYSE:FNV opened at $156.00 on Tuesday. The stock has a market cap of $30.05 billion, a P/E ratio of 48.75, a PEG ratio of 2.08 and a beta of 0.41. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $179.99. The company has a fifty day moving average price of $164.67 and a 200 day moving average price of $153.63.

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

Franco-Nevada Announces Dividend

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

Analysts Set New Price Targets

FNV has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. HC Wainwright reaffirmed a “buy” rating and issued a $195.00 price objective (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. CIBC reissued an “outperform” rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Finally, National Bankshares reissued a “sector perform” rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $172.13.

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.