Maven Securities LTD Purchases Shares of 5,350 Franco-Nevada Corporation $FNV

Key Points

• Maven Securities LTD acquired 5,350 shares of Franco-Nevada Corporation for approximately $843,000, marking a significant new position in the company.
• Franco-Nevada's recent earnings report showed an EPS of $1.24, exceeding the consensus estimate of $1.10, while revenue increased by 42% year-over-year.
• The company announced a quarterly dividend of $0.38 per share, reflecting a 0.9% yield with a payout ratio of 37.35%.

Maven Securities LTD purchased a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,350 shares of the basic materials company's stock, valued at approximately $843,000.

Several other hedge funds also recently made changes to their positions in FNV. Envestnet Asset Management Inc. boosted its position in shares of Franco-Nevada by 42.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 42,905 shares of the basic materials company's stock valued at $5,045,000 after purchasing an additional 12,688 shares in the last quarter. NewEdge Advisors LLC raised its stake in Franco-Nevada by 5.9% during the fourth quarter. NewEdge Advisors LLC now owns 5,642 shares of the basic materials company's stock valued at $663,000 after buying an additional 313 shares during the last quarter. First Trust Advisors LP raised its stake in Franco-Nevada by 1,024.9% during the fourth quarter. First Trust Advisors LP now owns 368,342 shares of the basic materials company's stock valued at $43,313,000 after buying an additional 335,598 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Franco-Nevada by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 244,478 shares of the basic materials company's stock valued at $28,746,000 after buying an additional 38,585 shares during the last quarter. Finally, Natixis raised its stake in Franco-Nevada by 117.2% during the fourth quarter. Natixis now owns 1,942 shares of the basic materials company's stock valued at $228,000 after buying an additional 1,048 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Price Performance

Franco-Nevada stock traded up $3.0610 during mid-day trading on Friday, reaching $184.9210. 808,681 shares of the stock traded hands, compared to its average volume of 694,147. The stock has a market capitalization of $35.63 billion, a PE ratio of 45.44, a price-to-earnings-growth ratio of 2.46 and a beta of 0.36. Franco-Nevada Corporation has a 12-month low of $112.70 and a 12-month high of $186.12. The business's 50-day moving average is $166.18 and its 200-day moving average is $160.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.14. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The company had revenue of $369.40 million during the quarter, compared to analysts' expectations of $382.70 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. Franco-Nevada's revenue for the quarter was up 42.0% compared to the same quarter last year. Equities analysts anticipate that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 11th. Franco-Nevada's payout ratio is currently 37.35%.

Analyst Ratings Changes

A number of research analysts have issued reports on FNV shares. HC Wainwright lifted their price objective on Franco-Nevada from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Scotiabank lifted their price objective on Franco-Nevada from $182.00 to $184.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada lifted their price objective on Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. UBS Group lifted their price objective on Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Finally, CIBC restated an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Franco-Nevada presently has an average rating of "Moderate Buy" and an average price target of $178.88.

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.