3,567 Shares in Franco-Nevada Corporation (NYSE:FNV) Bought by Stephens Inc. AR

Stephens Inc. AR acquired a new position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,567 shares of the basic materials company's stock, valued at approximately $562,000.

A number of other large investors also recently modified their holdings of FNV. CX Institutional purchased a new stake in shares of Franco-Nevada in the first quarter valued at about $30,000. Nexus Investment Management ULC purchased a new stake in Franco-Nevada in the 1st quarter valued at about $35,000. Golden State Wealth Management LLC increased its stake in Franco-Nevada by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock valued at $36,000 after buying an additional 115 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Franco-Nevada by 494.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock worth $36,000 after buying an additional 188 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Franco-Nevada in the 4th quarter worth approximately $49,000. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

FNV stock traded up $4.72 during midday trading on Tuesday, reaching $160.62. 782,388 shares of the company's stock traded hands, compared to its average volume of 754,314. The firm has a market capitalization of $30.94 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 2.10 and a beta of 0.41. The company has a 50-day moving average price of $164.67 and a two-hundred day moving average price of $153.63. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The company had revenue of $368.40 million for the quarter, compared to analyst estimates of $328.79 million. During the same period in the previous year, the company posted $0.76 EPS. The firm's revenue for the quarter was up 43.5% compared to the same quarter last year. As a group, analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were given a $0.38 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. Franco-Nevada's dividend payout ratio (DPR) is currently 47.50%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Scotiabank lifted their price target on Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. HC Wainwright reissued a "buy" rating and issued a $195.00 price target (up from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Raymond James Financial set a $186.00 price target on shares of Franco-Nevada and gave the company an "outperform" rating in a research report on Wednesday, May 28th. UBS Group lifted their price objective on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, CIBC reissued an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $172.13.

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.