Franco-Nevada Corporation $FNV Shares Acquired by Creative Planning

Creative Planning boosted its position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,307 shares of the basic materials company’s stock after purchasing an additional 589 shares during the period. Creative Planning’s holdings in Franco-Nevada were worth $2,509,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FNV. Choreo LLC bought a new position in Franco-Nevada during the first quarter valued at about $246,000. Cetera Investment Advisers boosted its position in shares of Franco-Nevada by 41.0% during the 1st quarter. Cetera Investment Advisers now owns 10,110 shares of the basic materials company’s stock valued at $1,593,000 after purchasing an additional 2,939 shares in the last quarter. Pacer Advisors Inc. boosted its position 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 valued at $272,000 after purchasing an additional 115 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of Franco-Nevada in the 1st quarter worth approximately $330,000. Finally, Mackenzie Financial Corp lifted its stake in Franco-Nevada by 16.0% during the first quarter. Mackenzie Financial Corp now owns 1,756,344 shares of the basic materials company’s stock valued at $276,224,000 after purchasing an additional 242,196 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

NYSE FNV opened at $200.05 on Tuesday. The firm has a market capitalization of $38.56 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40. The company has a 50 day simple moving average of $201.87 and a 200-day simple moving average of $181.80. Franco-Nevada Corporation has a 52-week low of $114.81 and a 52-week high of $225.63.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, November 3rd. The basic materials company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.06. The firm had revenue of $487.70 million for the quarter, compared to analyst estimates of $448.51 million. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. On average, analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $1.52 dividend on an annualized basis and a yield of 0.8%. Franco-Nevada’s dividend payout ratio (DPR) is presently 31.87%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FNV shares. Weiss Ratings restated a “buy (b)” rating on shares of Franco-Nevada in a research report on Wednesday, November 19th. Raymond James Financial boosted their target price on Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday. Finally, UBS Group raised their target price on shares of Franco-Nevada from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $223.43.

About Franco-Nevada

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.