Astoria Portfolio Advisors LLC. Acquires New Shares in Franco-Nevada Corporation (NYSE:FNV)

Astoria Portfolio Advisors LLC. acquired a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,568 shares of the basic materials company's stock, valued at approximately $267,000.

Other hedge funds have also made changes to their positions in the company. CX Institutional acquired a new position in shares of Franco-Nevada during the first quarter valued at approximately $30,000. Nexus Investment Management ULC acquired a new position in shares of Franco-Nevada during the first quarter valued at approximately $35,000. Golden State Wealth Management LLC increased its stake in shares of Franco-Nevada by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 115 shares during the period. Versant Capital Management Inc acquired a new position in shares of Franco-Nevada during the first quarter valued at approximately $55,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Franco-Nevada during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FNV shares. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Royal Bank Of Canada raised their target price on shares of Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. UBS Group raised their target price on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Finally, Scotiabank raised their target price on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $172.13.

Franco-Nevada Price Performance

NYSE FNV traded up $1.10 on Friday, hitting $165.54. 395,450 shares of the stock were exchanged, compared to its average volume of 747,510. Franco-Nevada Corporation has a 52-week low of $112.70 and a 52-week high of $179.99. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 2.26 and a beta of 0.41. The company's 50-day moving average price is $166.74 and its two-hundred day moving average price is $150.59.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The firm had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. During the same period in the previous year, the company posted $0.76 EPS. The company's quarterly revenue was up 43.5% compared to the same quarter last year. Equities analysts predict 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 paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is currently 47.50%.

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.