5,710 Shares in Franco-Nevada Corporation $FNV Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $900,000 in Franco-Nevada Corporation by acquiring 5,710 shares during the first quarter.
• Franco-Nevada's recent quarter earnings report showed an EPS of $1.24, exceeding analysts' expectations, despite total revenue of $369.4 million falling short of estimates.
• The company's stock currently has a consensus rating of "Moderate Buy" from analysts, with a price target of $178.88.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 5,710 shares of the basic materials company's stock, valued at approximately $900,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its holdings in Franco-Nevada by 1.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,207,413 shares of the basic materials company's stock valued at $1,923,400,000 after buying an additional 207,232 shares in the last quarter. Vanguard Group Inc. grew its holdings in Franco-Nevada by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,845,339 shares of the basic materials company's stock valued at $1,233,891,000 after buying an additional 45,924 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Franco-Nevada by 1.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,980,772 shares of the basic materials company's stock valued at $313,071,000 after buying an additional 33,044 shares in the last quarter. TD Asset Management Inc grew its holdings in Franco-Nevada by 6.8% during the 1st quarter. TD Asset Management Inc now owns 1,926,670 shares of the basic materials company's stock valued at $302,979,000 after buying an additional 122,071 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Franco-Nevada by 16.0% during the 1st quarter. Mackenzie Financial Corp now owns 1,756,344 shares of the basic materials company's stock valued at $276,224,000 after buying an additional 242,196 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Franco-Nevada from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Raymond James Financial increased their price objective on shares of Franco-Nevada from $186.00 to $188.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. Scotiabank increased their target price on Franco-Nevada from $182.00 to $184.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 12th. Finally, CIBC reiterated an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $178.88.

Franco-Nevada Price Performance

Shares of NYSE FNV traded down $1.14 during midday trading on Friday, reaching $200.71. 803,819 shares of the stock traded hands, compared to its average volume of 650,318. The stock has a market capitalization of $38.68 billion, a PE ratio of 49.31, a P/E/G ratio of 2.68 and a beta of 0.41. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $203.84. The company's 50 day moving average is $173.94 and its 200 day moving average is $165.92.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results 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 company had revenue of $369.40 million during the quarter, compared to the consensus estimate of $382.70 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.Franco-Nevada's revenue was up 42.0% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. As a group, equities analysts forecast that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a $0.38 dividend. The ex-dividend date is Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a yield of 0.8%. 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.