1,700 Shares in Franco-Nevada Corporation (NYSE:FNV) Bought by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has acquired 1,700 shares of Franco-Nevada Corporation, valued at approximately $261,000, in a new investment during the first quarter.
• Franco-Nevada reported earnings of $1.07 EPS for the last quarter, surpassing analysts' expectations and showing a 43.5% increase in revenue compared to the same period last year.
• The company declared a quarterly dividend of $0.38 per share, with an annualized dividend yield of 1.0%, representing a payout ratio of 47.50%.

Baader Bank Aktiengesellschaft bought a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,700 shares of the basic materials company's stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional acquired a new stake in shares of Franco-Nevada in the first quarter worth $30,000. Cullen Frost Bankers Inc. acquired a new stake in Franco-Nevada during the first quarter valued at $32,000. Nexus Investment Management ULC acquired a new stake in Franco-Nevada during the first quarter valued at $35,000. Hexagon Capital Partners LLC grew its position in Franco-Nevada by 494.7% during the first quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock valued at $36,000 after buying an additional 188 shares during the period. Finally, Golden State Wealth Management LLC grew its position in Franco-Nevada by 100.0% during the first 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 period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Trading Up 1.4%

FNV stock traded up $2.28 on Friday, hitting $161.61. The company's stock had a trading volume of 894,251 shares, compared to its average volume of 663,978. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 50.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.36. The firm has a 50 day moving average of $164.51 and a two-hundred day moving average of $155.89. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The business had revenue of $368.40 million for 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%. The business's revenue for the quarter was up 43.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. As a group, equities analysts forecast that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's dividend payout ratio is presently 47.50%.

Analysts Set New Price Targets

Several research firms recently commented on FNV. UBS Group raised their price target on shares of Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. HC Wainwright reaffirmed a "buy" rating and set a $195.00 price objective (up from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Royal Bank Of Canada increased their price objective on shares of Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently 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.