19,550 Shares in Franco-Nevada Corporation $FNV Purchased by Carmignac Gestion

Key Points

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Carmignac Gestion acquired a new stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,550 shares of the basic materials company's stock, valued at approximately $3,080,000.

Several other large investors also recently modified their holdings of FNV. Envestnet Asset Management Inc. boosted its position in 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 acquiring an additional 12,688 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Franco-Nevada by 5.9% in the 4th quarter. NewEdge Advisors LLC now owns 5,642 shares of the basic materials company's stock valued at $663,000 after purchasing an additional 313 shares during the period. First Trust Advisors LP lifted its stake in shares of Franco-Nevada by 1,024.9% in the 4th quarter. First Trust Advisors LP now owns 368,342 shares of the basic materials company's stock valued at $43,313,000 after purchasing an additional 335,598 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Franco-Nevada by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 244,478 shares of the basic materials company's stock valued at $28,746,000 after purchasing an additional 38,585 shares in the last quarter. Finally, Natixis boosted its position in shares of Franco-Nevada by 117.2% during the 4th quarter. Natixis now owns 1,942 shares of the basic materials company's stock valued at $228,000 after purchasing an additional 1,048 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FNV shares. Royal Bank Of Canada increased their price target on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Raymond James Financial boosted their target price on shares of Franco-Nevada from $186.00 to $188.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research lowered shares of Franco-Nevada from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Scotiabank raised their price target on shares of Franco-Nevada from $182.00 to $184.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. Finally, CIBC reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.88.

Franco-Nevada Stock Up 1.7%

FNV stock traded up $3.0610 during midday trading on Friday, reaching $184.9210. 808,681 shares of the company's stock traded hands, compared to its average volume of 694,147. The firm's fifty day moving average price is $166.18 and its 200-day moving average price is $160.45. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $186.12. The company has a market cap of $35.63 billion, a price-to-earnings ratio of 45.44, a P/E/G ratio of 2.46 and a beta of 0.36.

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

Franco-Nevada Dividend Announcement

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 paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a yield of 0.8%. Franco-Nevada's payout ratio is 37.35%.

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.