3,998 Shares in Franco-Nevada Corporation $FNV Acquired by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC acquired 3,998 shares of Franco-Nevada in the second quarter, valued at approximately $833,000. Institutional investors collectively own 77.06% of the company.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and a consensus price target of $273.40; 11 analysts rate the stock a Buy and four rate it a Hold.
• Franco-Nevada reported quarterly revenue of $580.9 million, up 57.3% year over year, but missed estimates on both revenue and adjusted earnings. The company declared a quarterly dividend of $0.44 per share, equivalent to a 0.7% yield.

Sanctuary Advisors LLC bought a new stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,998 shares of the basic materials company's stock, valued at approximately $833,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Composition Wealth LLC boosted its position in shares of Franco-Nevada by 0.8% during the fourth quarter. Composition Wealth LLC now owns 6,108 shares of the basic materials company's stock worth $1,266,000 after buying an additional 49 shares during the period. Clark Capital Management Group Inc. raised its holdings in shares of Franco-Nevada by 1.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 5,054 shares of the basic materials company's stock valued at $1,048,000 after buying an additional 50 shares during the period. Syon Capital LLC lifted its stake in Franco-Nevada by 2.1% during the 4th quarter. Syon Capital LLC now owns 2,443 shares of the basic materials company's stock worth $506,000 after acquiring an additional 51 shares in the last quarter. PFG Investments LLC lifted its stake in Franco-Nevada by 0.7% during the 1st quarter. PFG Investments LLC now owns 7,211 shares of the basic materials company's stock worth $1,782,000 after acquiring an additional 52 shares in the last quarter. Finally, Guardian Partners Inc. boosted its holdings in Franco-Nevada by 3.2% during the 4th quarter. Guardian Partners Inc. now owns 1,692 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FNV. TD Securities upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating and set a $291.00 price target on the stock in a research note on Wednesday, May 20th. Wall Street Zen downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating in a research note on Monday, June 1st. Zacks Research raised shares of Franco-Nevada from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada reduced their target price on shares of Franco-Nevada from $295.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, July 9th. Finally, Jefferies Financial Group decreased their price target on shares of Franco-Nevada from $258.00 to $245.00 and set a "hold" rating for the company in a research report on Monday, July 6th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $273.40.

Franco-Nevada Stock Performance

Shares of FNV opened at $266.33 on Friday. The stock has a 50-day simple moving average of $224.15 and a 200-day simple moving average of $236.31. The stock has a market capitalization of $51.37 billion, a PE ratio of 34.81, a PEG ratio of 2.51 and a beta of 0.35. Franco-Nevada Corporation has a 1 year low of $181.50 and a 1 year high of $285.67.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Tuesday, August 11th. The basic materials company reported $1.81 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.14). Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%.The company had revenue of $580.90 million for the quarter, compared to analyst estimates of $616.66 million. During the same period in the prior year, the firm posted $1.24 earnings per share. The business's quarterly revenue was up 57.3% compared to the same quarter last year. Analysts predict that Franco-Nevada Corporation will post 7.54 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, September 10th. Franco-Nevada's payout ratio is 23.01%.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.

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