Franco-Nevada Corporation (NYSE:FNV) Shares Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC boosted its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 100.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 230 shares of the basic materials company’s stock after buying an additional 115 shares during the quarter. Golden State Wealth Management LLC’s holdings in Franco-Nevada were worth $36,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FNV. Confluence Investment Management LLC increased its stake in Franco-Nevada by 1.5% during the first quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company’s stock worth $926,000 after acquiring an additional 84 shares during the last quarter. Harbour Investments Inc. increased its stake in Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 93 shares during the last quarter. CoreCommodity Management LLC increased its stake in Franco-Nevada by 2.9% during the fourth quarter. CoreCommodity Management LLC now owns 3,869 shares of the basic materials company’s stock worth $455,000 after acquiring an additional 108 shares during the last quarter. Quadcap Wealth Management LLC increased its stake in Franco-Nevada by 4.0% during the fourth quarter. Quadcap Wealth Management LLC now owns 3,184 shares of the basic materials company’s stock worth $374,000 after acquiring an additional 121 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Franco-Nevada by 25.6% during the fourth quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 126 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Stock Up 0.6%

Shares of Franco-Nevada stock opened at $164.23 on Thursday. The stock has a market cap of $31.64 billion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 2.27 and a beta of 0.41. The business has a fifty day simple moving average of $166.95 and a 200-day simple moving average of $149.70. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $179.99.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The business had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same period last year, the company earned $0.76 earnings per share. Franco-Nevada’s quarterly revenue was up 43.5% compared to the same quarter last year. Analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 0.93%. Franco-Nevada’s dividend payout ratio (DPR) is currently 47.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. UBS Group upped their target price on Franco-Nevada from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Raymond James Financial set a $186.00 target price on Franco-Nevada and gave the stock an “outperform” rating in a research report on Wednesday, May 28th. Scotiabank upped their target price on Franco-Nevada from $165.00 to $169.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada upped their target price on Franco-Nevada from $160.00 to $190.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.63.

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.