Charles Schwab Investment Management Inc. Purchases 4,399 Shares of Franco-Nevada Corporation $FNV

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Franco-Nevada Corporation by 1.0%, totaling 427,565 shares valued at approximately $67.2 million.
• Franco-Nevada reported earnings of $1.24 per share for the last quarter, exceeding analyst expectations of $1.10, while revenue was slightly below predictions at $369.4 million.
• The company recently announced a quarterly dividend of $0.38 per share, with a yield of 0.9%, to be paid to shareholders on September 25th.

Charles Schwab Investment Management Inc. increased its holdings in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 427,565 shares of the basic materials company's stock after buying an additional 4,399 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.22% of Franco-Nevada worth $67,237,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FNV. CX Institutional acquired a new stake in shares of Franco-Nevada in the 1st quarter valued at about $30,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Franco-Nevada in the 1st quarter valued at about $32,000. Nexus Investment Management ULC acquired a new stake in shares of Franco-Nevada in the 1st quarter valued at about $35,000. Golden State Wealth Management LLC raised 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 purchasing an additional 115 shares during the period. Finally, Hexagon Capital Partners LLC raised 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 purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FNV shares. UBS Group lifted their price target on Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Raymond James Financial raised their price objective on Franco-Nevada from $186.00 to $188.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Scotiabank raised their price objective on Franco-Nevada from $182.00 to $184.00 and gave the company a "sector perform" rating in a report on Tuesday, August 12th. HC Wainwright raised their price objective on Franco-Nevada from $195.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $178.88.

Franco-Nevada Stock Performance

Franco-Nevada stock traded down $2.10 during midday trading on Monday, reaching $175.27. 325,563 shares of the company's stock were exchanged, compared to its average volume of 832,771. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $180.98. The firm has a market cap of $33.77 billion, a price-to-earnings ratio of 43.05, a P/E/G ratio of 2.36 and a beta of 0.36. The stock's 50-day simple moving average is $165.02 and its 200 day simple moving average is $159.19.

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

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, September 11th. Franco-Nevada's payout ratio is currently 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.