Franco-Nevada Corporation (NYSE:FNV) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 8.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,161 shares of the basic materials company's stock after buying an additional 5,319 shares during the period. DekaBank Deutsche Girozentrale's holdings in Franco-Nevada were worth $11,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Brown Advisory Inc. acquired a new stake in Franco-Nevada during the first quarter worth about $205,000. Fullcircle Wealth LLC increased its position in shares of Franco-Nevada by 25.7% during the first quarter. Fullcircle Wealth LLC now owns 8,964 shares of the basic materials company's stock valued at $1,531,000 after acquiring an additional 1,835 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Franco-Nevada by 36.1% in the first quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company's stock valued at $9,200,000 after buying an additional 15,483 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Franco-Nevada by 494.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 188 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Franco-Nevada by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 175,843 shares of the basic materials company's stock valued at $27,706,000 after acquiring an additional 4,838 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 0.4%

NYSE:FNV traded up $0.63 during trading hours on Friday, hitting $159.58. The stock had a trading volume of 596,384 shares, compared to its average volume of 751,022. Franco-Nevada Corporation has a 1-year low of $112.70 and a 1-year high of $179.99. The business has a 50 day simple moving average of $166.04 and a two-hundred day simple moving average of $151.57. The company has a market cap of $30.74 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 2.18 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The business had revenue of $368.40 million during the quarter, compared to the consensus estimate of $328.79 million. During the same quarter last year, the company earned $0.76 earnings per share. The business's quarterly revenue was up 43.5% compared to the same quarter last year. Research analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's payout ratio is 47.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. HC Wainwright reiterated a "buy" rating and set a $195.00 target price (up from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. Scotiabank lifted their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $172.13.

Franco-Nevada 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.