Stephens Inc. AR Acquires Shares of 3,567 Franco-Nevada Corporation (NYSE:FNV)

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 and Exchange Commission. The firm acquired 3,567 shares of the basic materials company's stock, valued at approximately $562,000.

Several other hedge funds have also recently made changes to their positions in FNV. Bessemer Group Inc. lifted its position in shares of Franco-Nevada by 1,583.3% during the 1st quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company's stock valued at $2,067,000 after acquiring an additional 12,350 shares during the period. St. James Investment Company LLC lifted its position in shares of Franco-Nevada by 29.3% during the 1st quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company's stock valued at $34,661,000 after acquiring an additional 49,907 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Franco-Nevada during the 1st quarter valued at $265,000. Fullcircle Wealth LLC lifted its position in shares of Franco-Nevada by 25.7% during the 1st quarter. Fullcircle Wealth LLC now owns 8,964 shares of the basic materials company's stock valued at $1,531,000 after acquiring an additional 1,835 shares during the period. Finally, Merit Financial Group LLC acquired a new position in shares of Franco-Nevada during the 1st quarter valued at $333,000. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FNV has been the topic of several research reports. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. HC Wainwright reaffirmed a "buy" rating and issued a $195.00 price objective (up from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. Royal Bank Of Canada raised their price objective on shares of Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Raymond James Financial set a $186.00 price objective on shares of Franco-Nevada and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Finally, CIBC reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

Franco-Nevada Price Performance

Shares of FNV traded down $0.18 during trading hours on Friday, hitting $154.40. The company's stock had a trading volume of 450,316 shares, compared to its average volume of 752,978. The company has a market cap of $29.74 billion, a price-to-earnings ratio of 48.25, a PEG ratio of 2.08 and a beta of 0.41. The business has a 50 day simple moving average of $164.67 and a two-hundred day simple moving average of $153.40. 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 issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.00 by $0.07. The company had revenue of $368.40 million during the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. Franco-Nevada's revenue for the quarter was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. Research analysts predict that Franco-Nevada Corporation will post 3.09 earnings per share for the current 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 given 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 0.98%. Franco-Nevada's payout ratio is presently 47.50%.

About Franco-Nevada

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.