Autumn Glory Partners LLC Invests $315,000 in Franco-Nevada Corporation (NYSE:FNV)

Autumn Glory Partners LLC acquired a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,000 shares of the basic materials company's stock, valued at approximately $315,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital World Investors increased its position in Franco-Nevada by 9.8% during the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after purchasing an additional 711,591 shares during the period. Vanguard Group Inc. grew its position in shares of Franco-Nevada by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 7,799,415 shares of the basic materials company's stock worth $916,540,000 after buying an additional 132,465 shares during the period. Bank of Montreal Can grew its position in shares of Franco-Nevada by 0.3% in the 4th quarter. Bank of Montreal Can now owns 5,300,880 shares of the basic materials company's stock worth $622,124,000 after buying an additional 15,273 shares during the period. EdgePoint Investment Group Inc. grew its position in shares of Franco-Nevada by 49.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock worth $582,100,000 after buying an additional 1,650,358 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Franco-Nevada by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,286,661 shares of the basic materials company's stock worth $504,069,000 after buying an additional 400,384 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Stock Down 1.3%

Shares of NYSE FNV traded down $2.23 during trading on Friday, reaching $165.98. 990,373 shares of the company traded hands, compared to its average volume of 740,562. The firm has a 50 day simple moving average of $168.08 and a 200-day simple moving average of $147.55. The stock has a market capitalization of $31.98 billion, a PE ratio of 51.87, a P/E/G ratio of 2.34 and a beta of 0.42. 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 announced its quarterly earnings results 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. The firm had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The business's quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 EPS. As a group, research analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FNV shares. UBS Group upped their target price on shares of Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Scotiabank upped their target price on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Finally, TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Franco-Nevada has a consensus rating of "Moderate Buy" and an average target price of $169.63.

Franco-Nevada 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.