Franco-Nevada Corporation $FNV Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 210.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,235 shares of the basic materials company’s stock after acquiring an additional 12,360 shares during the period. Osaic Holdings Inc.’s holdings in Franco-Nevada were worth $2,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Squarepoint Ops LLC lifted its position in Franco-Nevada by 72.8% in the second quarter. Squarepoint Ops LLC now owns 22,382 shares of the basic materials company’s stock worth $3,669,000 after purchasing an additional 9,433 shares during the period. Coppell Advisory Solutions LLC bought a new stake in shares of Franco-Nevada in the 2nd quarter worth $1,244,000. Advisory Services Network LLC lifted its holdings in shares of Franco-Nevada by 33.1% in the second quarter. Advisory Services Network LLC now owns 10,769 shares of the basic materials company’s stock valued at $1,716,000 after buying an additional 2,677 shares during the period. Nomura Holdings Inc. bought a new position in Franco-Nevada during the second quarter valued at about $25,408,000. Finally, Geneos Wealth Management Inc. boosted its stake in Franco-Nevada by 43.3% during the second quarter. Geneos Wealth Management Inc. now owns 3,389 shares of the basic materials company’s stock valued at $556,000 after buying an additional 1,024 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

Shares of NYSE:FNV opened at $217.46 on Friday. The firm has a 50 day simple moving average of $200.16 and a 200 day simple moving average of $188.65. Franco-Nevada Corporation has a 52 week low of $115.79 and a 52 week high of $225.63. The company has a market cap of $41.92 billion, a PE ratio of 45.59, a price-to-earnings-growth ratio of 1.67 and a beta of 0.46.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Monday, November 3rd. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating 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 net margin of 59.48% and a return on equity of 13.94%. The company’s revenue was up 76.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS. On average, equities analysts predict that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, December 4th. This represents a $1.52 dividend on an annualized basis and a yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is presently 31.87%.

Analyst Upgrades and Downgrades

FNV has been the subject of a number of research analyst reports. Raymond James Financial upped their price target on shares of Franco-Nevada from $218.00 to $234.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Franco-Nevada in a research report on Monday. Bank of America upped their price target on Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, Wall Street Zen raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $232.75.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.