Capital Fund Management S.A. Reduces Holdings in Franco-Nevada Corporation $FNV

Key Points

• Capital Fund Management S.A. reduced its position in Franco-Nevada Corporation (NYSE:FNV) by 8.3%, holding 46,251 shares worth approximately $7.29 million after selling 4,165 shares.
• Franco-Nevada announced a quarterly dividend of $0.38, which will be paid on September 25th, with a yield of 0.8% and a dividend payout ratio of 37.35%.
• After beating quarterly earnings estimates with an EPS of $1.24, Franco-Nevada reported a revenue of $369.40 million, which was below analysts' expectations of $382.70 million.

Capital Fund Management S.A. decreased its position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,251 shares of the basic materials company's stock after selling 4,165 shares during the period. Capital Fund Management S.A.'s holdings in Franco-Nevada were worth $7,287,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FNV. CX Institutional purchased a new stake in shares of Franco-Nevada in the 1st quarter valued at approximately $30,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Franco-Nevada in the 1st quarter valued at approximately $32,000. Nexus Investment Management ULC purchased a new stake in shares of Franco-Nevada in the 1st quarter valued at approximately $35,000. Golden State Wealth Management LLC grew its stake in shares of Franco-Nevada by 100.0% in 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 period. Finally, Hexagon Capital Partners LLC grew its stake in shares of Franco-Nevada by 494.7% in 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 period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Up 1.8%

Shares of FNV stock opened at $181.5260 on Friday. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $183.91. The stock has a market capitalization of $34.98 billion, a PE ratio of 44.60, a P/E/G ratio of 2.37 and a beta of 0.36. The firm has a 50 day moving average of $165.92 and a two-hundred day moving average of $160.00.

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

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a $0.38 dividend. 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 dividend payout ratio (DPR) is currently 37.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FNV. BMO Capital Markets reissued an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. UBS Group increased their price objective on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. CIBC reaffirmed an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. HC Wainwright increased their price objective 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, National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Franco-Nevada presently has an average rating of "Moderate Buy" and a consensus target price 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.

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