Farther Finance Advisors LLC Grows Position in Franco-Nevada Corporation $FNV

Farther Finance Advisors LLC increased its position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 257.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 973 shares of the basic materials company’s stock after purchasing an additional 701 shares during the quarter. Farther Finance Advisors LLC’s holdings in Franco-Nevada were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional purchased a new position in shares of Franco-Nevada in the first quarter valued at $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of Franco-Nevada in the first quarter valued at $32,000. Golden State Wealth Management LLC boosted its stake in shares of Franco-Nevada by 100.0% in the first 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 period. Hexagon Capital Partners LLC boosted its stake in shares of Franco-Nevada by 494.7% in the first 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 period. Finally, Versant Capital Management Inc purchased a new position in shares of Franco-Nevada in the first quarter valued at $55,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at $217.40 on Friday. The company has a 50-day simple moving average of $188.94 and a 200-day simple moving average of $172.05. The firm has a market capitalization of $41.90 billion, a P/E ratio of 53.42, a P/E/G ratio of 2.91 and a beta of 0.42. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $225.63.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The company had revenue of $369.40 million during the quarter, compared to analyst estimates of $382.70 million. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. As a group, sell-side analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a $0.38 dividend. The ex-dividend date was Thursday, September 11th. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is 37.35%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Securities upped their price target on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. CIBC reissued an “outperform” rating on shares of Franco-Nevada in a report on Tuesday, July 15th. UBS Group increased their target price on shares of Franco-Nevada from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Zacks Research cut shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus target price of $194.57.

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.