Compound Planning Inc. Makes New Investment in Franco-Nevada Corporation $FNV

Key Points

• Compound Planning Inc. purchased 1,430 shares of Franco-Nevada Corporation for about $225,000 in the first quarter, reflecting increasing interest from institutional investors.
• Franco-Nevada reported earnings of $1.24 per share for the last quarter, surpassing expectations, and witnessed a 42.0% year-over-year increase in revenue.
• The company declared a quarterly dividend of $0.38, with an annualized yield of 0.8%, to be issued to shareholders on September 25th.

Compound Planning Inc. purchased a new position in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,430 shares of the basic materials company's stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNV. EdgePoint Investment Group Inc. lifted its stake in Franco-Nevada by 49.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock worth $582,100,000 after purchasing an additional 1,650,358 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Franco-Nevada by 198.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,705,489 shares of the basic materials company's stock worth $268,280,000 after buying an additional 1,133,373 shares in the last quarter. BLI Banque de Luxembourg Investments acquired a new position in shares of Franco-Nevada during the 4th quarter worth $52,857,000. Two Sigma Advisers LP raised its holdings in shares of Franco-Nevada by 40.8% during the 4th quarter. Two Sigma Advisers LP now owns 1,349,300 shares of the basic materials company's stock worth $158,664,000 after buying an additional 391,000 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Franco-Nevada during the 4th quarter worth $29,500,000. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Stock Down 0.2%

Shares of FNV stock traded down $0.34 during trading hours on Wednesday, hitting $190.06. 780,944 shares of the company's stock traded hands, compared to its average volume of 635,254. The stock's 50 day simple moving average is $169.33 and its 200 day simple moving average is $162.81. The stock has a market cap of $36.63 billion, a PE ratio of 46.70, a price-to-earnings-growth ratio of 2.51 and a beta of 0.41. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $192.04.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly 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 firm had revenue of $369.40 million during the quarter, compared to the consensus estimate of $382.70 million. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The company's revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, equities research analysts expect that Franco-Nevada Corporation will post 3.09 EPS 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. Investors of record on Thursday, September 11th will be given a dividend of $0.38 per share. 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%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Sunday, August 24th. Zacks Research downgraded shares of Franco-Nevada from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. CIBC reissued an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Finally, TD Securities increased their price target on Franco-Nevada from $182.00 to $184.00 and gave the company a "hold" rating in a research note on Tuesday, August 12th. Seven investment 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 currently has a consensus rating of "Moderate Buy" and an average price target 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.