Compagnie Lombard Odier SCmA Purchases New Shares in Franco-Nevada Corporation $FNV

Key Points

• Compagnie Lombard Odier SCmA has acquired 2,104 shares of Franco-Nevada Corporation, valued at approximately $345,000, as detailed in their recent 13F filing with the SEC.
• Franco-Nevada reported $1.24 EPS for its last quarter, exceeding analysts' estimates, with a year-over-year revenue increase of 42%.
• The company declared a quarterly dividend of $0.38 per share, which translates to an annualized dividend of $1.52 and a yield of 0.7%.

Compagnie Lombard Odier SCmA purchased a new position in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,104 shares of the basic materials company's stock, valued at approximately $345,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNV. CX Institutional purchased a new position in shares of Franco-Nevada in the 1st quarter worth approximately $30,000. Cullen Frost Bankers Inc. bought a new stake in Franco-Nevada during the first quarter worth $32,000. Nexus Investment Management ULC bought a new stake in Franco-Nevada during the first quarter worth $35,000. Hexagon Capital Partners LLC boosted its position in Franco-Nevada by 494.7% in the first quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in 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. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

Shares of NYSE FNV opened at $213.56 on Wednesday. The stock has a market cap of $41.16 billion, a PE ratio of 52.47, a price-to-earnings-growth ratio of 2.81 and a beta of 0.41. Franco-Nevada Corporation has a fifty-two week low of $112.70 and a fifty-two week high of $218.58. The stock has a fifty day moving average of $180.60 and a 200-day moving average of $168.87.

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. The business had revenue of $369.40 million for the quarter, compared to analysts' expectations of $382.70 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The firm's quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, sell-side analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.52 annualized dividend and a yield of 0.7%. Franco-Nevada's payout ratio is currently 37.35%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Royal Bank Of Canada increased their target price on shares of Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Scotiabank upped their price objective on Franco-Nevada from $182.00 to $184.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. BMO Capital Markets reissued an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. Finally, Zacks Research lowered Franco-Nevada from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $187.63.

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.

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