Private Wealth Partners LLC continued to hold its position in Franco-Nevada Corp. (NYSE:FNV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the company’s stock at the end of the second quarter. Private Wealth Partners LLC’s holdings in Franco-Nevada Corp. were worth $1,521,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of FNV. 1832 Asset Management L.P. boosted its stake in Franco-Nevada Corp. by 147.9% in the first quarter. 1832 Asset Management L.P. now owns 1,840,010 shares of the company’s stock worth $188,953,000 after buying an additional 1,097,840 shares in the last quarter. Prudential PLC boosted its stake in Franco-Nevada Corp. by 45.5% in the first quarter. Prudential PLC now owns 1,806,912 shares of the company’s stock worth $110,908,000 after buying an additional 565,310 shares in the last quarter. Legal & General Group Plc boosted its stake in Franco-Nevada Corp. by 16.6% in the first quarter. Legal & General Group Plc now owns 837,261 shares of the company’s stock worth $51,631,000 after buying an additional 119,033 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Franco-Nevada Corp. by 75.4% in the first quarter. Renaissance Technologies LLC now owns 804,800 shares of the company’s stock worth $49,399,000 after buying an additional 345,900 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Franco-Nevada Corp. by 1,114.7% in the first quarter. Wellington Management Group LLP now owns 650,463 shares of the company’s stock worth $39,974,000 after buying an additional 596,914 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.
Franco-Nevada Corp. (NYSE:FNV) traded down 1.39% on Monday, hitting $68.90. The stock had a trading volume of 762,255 shares. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 203.85 and a beta of 0.18. Franco-Nevada Corp. has a 52-week low of $41.47 and a 52-week high of $81.16. The company has a 50 day moving average price of $73.37 and a 200-day moving average price of $70.59.
Franco-Nevada Corp. (NYSE:FNV) last released its quarterly earnings results on Monday, August 8th. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm earned $150.90 million during the quarter, compared to analyst estimates of $149.36 million. Franco-Nevada Corp. had a return on equity of 3.02% and a net margin of 11.05%. The business’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, equities research analysts predict that Franco-Nevada Corp. will post $0.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.28%. The ex-dividend date was Tuesday, September 13th. Franco-Nevada Corp.’s dividend payout ratio is currently 275.00%.
A number of equities research analysts have recently commented on FNV shares. Bank of America Corp. started coverage on Franco-Nevada Corp. in a research note on Tuesday, August 9th. They issued a “buy” rating on the stock. HSBC reissued a “buy” rating on shares of Franco-Nevada Corp. in a research note on Thursday, July 7th. Vetr raised Franco-Nevada Corp. from a “strong sell” rating to a “sell” rating and set a $62.44 target price on the stock in a research note on Wednesday, June 22nd. Deutsche Bank AG reissued a “sell” rating on shares of Franco-Nevada Corp. in a research note on Thursday, July 7th. Finally, TD Securities reissued a “hold” rating and issued a $77.00 target price on shares of Franco-Nevada Corp. in a research note on Saturday, August 13th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.57.
About Franco-Nevada Corp.
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.
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