DekaBank Deutsche Girozentrale Sells 5,319 Shares of Franco-Nevada Corporation $FNV

DekaBank Deutsche Girozentrale lowered its holdings in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,842 shares of the basic materials company's stock after selling 5,319 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Franco-Nevada were worth $10,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new stake in shares of Franco-Nevada during the first quarter worth $32,000. Hexagon Capital Partners LLC increased its stake in Franco-Nevada by 494.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock worth $36,000 after buying an additional 188 shares during the period. Golden State Wealth Management LLC lifted its holdings in Franco-Nevada by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock valued at $36,000 after buying an additional 115 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Franco-Nevada in the 2nd quarter valued at about $57,000. Finally, Kiker Wealth Management LLC grew its stake in Franco-Nevada by 20.5% in the 2nd quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company's stock worth $77,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

FNV has been the topic of several research reports. Weiss Ratings downgraded Franco-Nevada from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. TD Securities boosted their target price on shares of Franco-Nevada from $182.00 to $184.00 and gave the stock a "hold" rating in a research report on Tuesday, August 12th. Raymond James Financial upped their price target on shares of Franco-Nevada from $218.00 to $234.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. HC Wainwright lifted their price objective on shares of Franco-Nevada from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Finally, CIBC reissued an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.14.

Franco-Nevada Trading Up 0.7%

FNV opened at $191.22 on Friday. Franco-Nevada Corporation has a 12-month low of $112.70 and a 12-month high of $225.63. The firm has a market capitalization of $36.85 billion, a PE ratio of 46.98, a P/E/G ratio of 1.75 and a beta of 0.42. The firm has a 50 day moving average of $200.60 and a two-hundred day moving average of $177.51.

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 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. The business had revenue of $369.40 million for 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 business's revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. As a group, analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were 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 was Thursday, September 11th. Franco-Nevada's dividend payout ratio (DPR) is currently 37.35%.

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.

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