Yousif Capital Management LLC Raises Position in Franco-Nevada Corporation $FNV

Yousif Capital Management LLC grew its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 8.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,560 shares of the basic materials company’s stock after acquiring an additional 190 shares during the period. Yousif Capital Management LLC’s holdings in Franco-Nevada were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of FNV. Bessemer Group Inc. grew its stake in Franco-Nevada by 1,583.3% during the 1st quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company’s stock worth $2,067,000 after purchasing an additional 12,350 shares in the last quarter. St. James Investment Company LLC grew its position in shares of Franco-Nevada by 29.3% during the first quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company’s stock worth $34,661,000 after buying an additional 49,907 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Franco-Nevada by 36.1% during the first quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company’s stock worth $9,200,000 after buying an additional 15,483 shares during the period. FORA Capital LLC increased its stake in shares of Franco-Nevada by 169.8% during the first quarter. FORA Capital LLC now owns 5,342 shares of the basic materials company’s stock worth $842,000 after buying an additional 3,362 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in Franco-Nevada in the first quarter valued at approximately $265,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on FNV shares. Wall Street Zen downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. UBS Group boosted their target price on shares of 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 upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Scotiabank lifted their price target on Franco-Nevada from $184.00 to $225.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Bank of America increased their price objective on Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Franco-Nevada presently has an average rating of “Moderate Buy” and a consensus price target of $216.14.

Franco-Nevada Price Performance

NYSE FNV opened at $191.22 on Friday. The company has a fifty day moving average of $200.60 and a two-hundred day moving average of $177.51. The company has a market capitalization of $36.85 billion, a PE ratio of 46.98, a P/E/G ratio of 1.75 and a beta of 0.42. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $225.63.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. The business had revenue of $369.40 million during the quarter, compared to the consensus estimate of $382.70 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. On average, research analysts expect 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, September 25th. Stockholders of record on Thursday, September 11th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.8%. Franco-Nevada’s dividend payout ratio (DPR) is 37.35%.

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.