Coppell Advisory Solutions LLC Invests $1.24 Million in Franco-Nevada Corporation $FNV

Coppell Advisory Solutions LLC bought a new position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the second quarter, according to its most recent filing with the SEC. The firm bought 7,713 shares of the basic materials company’s stock, valued at approximately $1,244,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nuveen LLC bought a new position in shares of Franco-Nevada in the first quarter valued at $31,852,000. Public Sector Pension Investment Board raised its holdings in shares of Franco-Nevada by 0.5% in the 1st quarter. Public Sector Pension Investment Board now owns 18,550 shares of the basic materials company’s stock worth $2,917,000 after acquiring an additional 100 shares during the last quarter. HighTower Advisors LLC lifted its position in Franco-Nevada by 19.4% in the 1st quarter. HighTower Advisors LLC now owns 81,720 shares of the basic materials company’s stock valued at $12,876,000 after acquiring an additional 13,287 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Franco-Nevada by 19.2% during the 1st quarter. Russell Investments Group Ltd. now owns 92,422 shares of the basic materials company’s stock valued at $14,535,000 after purchasing an additional 14,876 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Franco-Nevada during the 1st quarter valued at about $223,000. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

Shares of NYSE:FNV opened at $214.89 on Monday. The company has a market capitalization of $41.43 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 1.66 and a beta of 0.45. The business has a fifty day moving average price of $199.75 and a two-hundred day moving average price of $185.99. Franco-Nevada Corporation has a 1 year low of $114.81 and a 1 year high of $225.63.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, November 3rd. The basic materials company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The company had revenue of $487.70 million for the quarter, compared to analysts’ expectations of $448.51 million. Franco-Nevada had a return on equity of 13.94% and a net margin of 59.48%.The business’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 posted $0.80 EPS. Sell-side analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

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

Analyst Ratings Changes

FNV has been the topic of a number of recent research reports. Royal Bank Of Canada upgraded Franco-Nevada from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $225.00 to $250.00 in a report on Wednesday. Zacks Research cut Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. HC Wainwright upped their target price on shares of Franco-Nevada from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $228.00 price target on shares of Franco-Nevada in a research report on Sunday, December 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Franco-Nevada currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.75.

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.