LPL Financial LLC Has $4.66 Million Stock Position in Franco-Nevada Corporation (NYSE:FNV)

LPL Financial LLC lowered its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,564 shares of the basic materials company’s stock after selling 1,279 shares during the quarter. LPL Financial LLC’s holdings in Franco-Nevada were worth $4,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. HB Wealth Management LLC acquired a new position in Franco-Nevada during the 1st quarter worth approximately $330,000. TD Asset Management Inc raised its stake in shares of Franco-Nevada by 6.8% during the 1st quarter. TD Asset Management Inc now owns 1,926,670 shares of the basic materials company’s stock worth $302,979,000 after purchasing an additional 122,071 shares in the last quarter. McCollum Christoferson Group LLC raised its stake in shares of Franco-Nevada by 4.4% during the 1st quarter. McCollum Christoferson Group LLC now owns 33,786 shares of the basic materials company’s stock worth $5,323,000 after purchasing an additional 1,425 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Franco-Nevada by 7.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,728 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 115 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Franco-Nevada by 41.0% in the 1st quarter. Cetera Investment Advisers now owns 10,110 shares of the basic materials company’s stock valued at $1,593,000 after acquiring an additional 2,939 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

FNV has been the topic of a number of research analyst reports. TD Securities increased their price target on Franco-Nevada from $182.00 to $184.00 and gave the company a “hold” rating in a research note on Tuesday. UBS Group increased their price target on Franco-Nevada from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Scotiabank increased their price target on Franco-Nevada from $182.00 to $184.00 and gave the company a “sector perform” rating in a research note on Tuesday. BMO Capital Markets restated an “outperform” rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. Finally, National Bankshares restated a “sector perform” rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average target price of $178.88.

Franco-Nevada Price Performance

FNV stock opened at $179.39 on Thursday. The stock has a market capitalization of $34.56 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 2.33 and a beta of 0.36. The business’s fifty day moving average price is $164.72 and its two-hundred day moving average price is $158.18. Franco-Nevada Corporation has a fifty-two week low of $112.70 and a fifty-two week high of $180.15.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The firm 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%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. Research analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 11th. Franco-Nevada’s dividend payout ratio is 47.50%.

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.