Campbell & CO Investment Adviser LLC Invests $3.39 Million in Franco-Nevada Corporation $FNV

Key Points

• Campbell & CO Investment Adviser LLC acquired a new position in Franco-Nevada Corporation, purchasing 21,508 shares valued at approximately $3,389,000 in the first quarter.
• Franco-Nevada's recent quarterly earnings report showed an EPS of $1.24, exceeding the consensus estimate of $1.10 and reflected a 42.0% year-over-year increase in revenue.
• Analysts have raised their price targets for Franco-Nevada, with a consensus average target price of $178.88 and a rating of "Moderate Buy."

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,508 shares of the basic materials company's stock, valued at approximately $3,389,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CX Institutional bought a new stake in Franco-Nevada during the 1st quarter valued at $30,000. Cullen Frost Bankers Inc. bought a new stake in Franco-Nevada during the 1st quarter valued at $32,000. Nexus Investment Management ULC bought a new stake in Franco-Nevada during the 1st quarter valued at $35,000. Hexagon Capital Partners LLC raised its holdings in Franco-Nevada by 494.7% during the 1st 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 last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Franco-Nevada by 100.0% during the 1st 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 last quarter. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Up 1.7%

FNV traded up $3.02 during midday trading on Tuesday, hitting $185.62. 503,870 shares of the company traded hands, compared to its average volume of 685,335. The firm has a market capitalization of $35.77 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 2.41 and a beta of 0.36. The company's 50-day moving average is $166.73 and its 200 day moving average is $161.04. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $186.41.

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

Franco-Nevada Announces Dividend

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

Analyst Ratings Changes

FNV has been the topic of a number of research analyst reports. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. Royal Bank Of Canada upped their target price on shares of Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Raymond James Financial upped their target price on shares of Franco-Nevada from $186.00 to $188.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. HC Wainwright upped their target price on shares of Franco-Nevada from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Finally, Scotiabank upped their target price on shares of Franco-Nevada from $182.00 to $184.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $178.88.

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.