Franco-Nevada Corporation $FNV Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,590 shares of the basic materials company’s stock after acquiring an additional 480 shares during the period. Cetera Investment Advisers’ holdings in Franco-Nevada were worth $1,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in shares of Franco-Nevada by 78.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 90 shares in the last quarter. CENTRAL TRUST Co lifted its position in Franco-Nevada by 590.9% during the second quarter. CENTRAL TRUST Co now owns 228 shares of the basic materials company’s stock valued at $37,000 after buying an additional 195 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Franco-Nevada during the second quarter worth approximately $57,000. Kiker Wealth Management LLC increased its position in shares of Franco-Nevada by 20.5% in the second quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 80 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Franco-Nevada by 22.7% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock valued at $84,000 after acquiring an additional 95 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FNV shares. Zacks Research upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Bank of America upped their target price on Franco-Nevada from $211.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. UBS Group increased their target price on Franco-Nevada from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Franco-Nevada in a research report on Tuesday, November 25th. Finally, Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Franco-Nevada presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.43.

Franco-Nevada Stock Performance

NYSE:FNV opened at $209.27 on Monday. Franco-Nevada Corporation has a one year low of $114.81 and a one year high of $225.63. The business’s 50-day simple moving average is $202.01 and its 200 day simple moving average is $183.10. The stock has a market cap of $40.34 billion, a price-to-earnings ratio of 51.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40.

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

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $1.52 annualized dividend and a yield of 0.7%. Franco-Nevada’s dividend payout ratio is currently 31.87%.

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.