Edmond DE Rothschild Holding S.A. Grows Stock Holdings in Franco-Nevada Corporation $FNV

Key Points

• Edmond DE Rothschild Holding S.A. has increased its stake in Franco-Nevada Corporation by 24% during the first quarter, now owning a total of 22,758 shares valued at approximately $3.6 million.
• Several hedge funds, including Bessemer Group Inc. and St. James Investment Company LLC, also significantly increased their holdings in Franco-Nevada, indicating strong institutional interest in the company.
• Franco-Nevada recently reported earnings of $1.24 per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.38, reflecting a yield of 0.8%.

Edmond DE Rothschild Holding S.A. raised its position in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 24.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,758 shares of the basic materials company's stock after buying an additional 4,408 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Franco-Nevada were worth $3,586,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of Franco-Nevada by 1,583.3% during the first quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company's stock valued at $2,067,000 after buying an additional 12,350 shares during the last quarter. St. James Investment Company LLC lifted its position in shares of Franco-Nevada by 29.3% during the first quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company's stock valued at $34,661,000 after buying an additional 49,907 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Franco-Nevada by 36.1% during 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 during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Franco-Nevada during the first quarter valued at about $265,000. Finally, FORA Capital LLC lifted its position in shares of Franco-Nevada by 169.8% during the first quarter. FORA Capital LLC now owns 5,342 shares of the basic materials company's stock valued at $842,000 after buying an additional 3,362 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Trading Down 0.0%

Shares of NYSE:FNV opened at $190.00 on Friday. Franco-Nevada Corporation has a twelve month low of $112.70 and a twelve month high of $192.04. The company's 50 day moving average is $169.84 and its 200 day moving average is $163.16. The company has a market cap of $36.61 billion, a PE ratio of 46.68, a price-to-earnings-growth ratio of 2.54 and a beta of 0.41.

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 for the quarter, topping the consensus estimate of $1.10 by $0.14. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The company had revenue of $369.40 million for the quarter, compared to the consensus estimate of $382.70 million. During the same quarter in the prior year, the company earned $0.75 EPS. Franco-Nevada's quarterly revenue was up 42.0% on a year-over-year basis. Equities research analysts predict that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, September 11th. Franco-Nevada's dividend payout ratio is 37.35%.

Wall Street Analyst Weigh In

Several analysts have commented on FNV shares. TD Securities increased their price target on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a "hold" rating in a research report on Tuesday, August 12th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. UBS Group upped their price objective on shares of Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, CIBC restated an "outperform" rating on shares of Franco-Nevada in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $178.88.

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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