Amiral Gestion Buys Shares of 16,000 Franco-Nevada Corporation $FNV

Amiral Gestion bought a new position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,000 shares of the basic materials company’s stock, valued at approximately $3,567,000. Franco-Nevada accounts for approximately 1.3% of Amiral Gestion’s holdings, making the stock its 17th biggest holding.

A number of other hedge funds have also modified their holdings of FNV. MTM Investment Management LLC bought a new position in Franco-Nevada during the 2nd quarter worth approximately $32,000. Smartleaf Asset Management LLC boosted its position in shares of Franco-Nevada by 600.0% during the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 168 shares in the last quarter. Golden State Wealth Management LLC grew its holdings 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 buying an additional 90 shares during the period. CENTRAL TRUST Co grew its holdings in shares of Franco-Nevada by 590.9% in the 2nd 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 during the period. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Franco-Nevada in the 2nd quarter valued at $57,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

Shares of NYSE FNV opened at $208.87 on Friday. The business has a 50-day moving average of $199.40 and a 200-day moving average of $186.89. The stock has a market capitalization of $40.27 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 1.61 and a beta of 0.46. Franco-Nevada Corporation has a fifty-two week low of $114.81 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.06. The business had revenue of $487.70 million for the quarter, compared to analyst estimates of $448.51 million. Franco-Nevada had a return on equity of 13.94% and a net margin of 59.48%.Franco-Nevada’s revenue was up 76.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. On average, sell-side analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, December 4th. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. Franco-Nevada’s payout ratio is currently 31.87%.

Wall Street Analyst Weigh In

FNV has been the topic of several recent analyst reports. HC Wainwright lifted their target price on Franco-Nevada from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Bank of America boosted their price objective on shares of Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Raymond James Financial increased their target price on Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Royal Bank Of Canada raised Franco-Nevada from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $225.00 to $250.00 in a research note on Wednesday, December 10th. Finally, UBS Group upped their price objective on Franco-Nevada from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $232.75.

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.