Enclave Advisors LLC Acquires New Holdings in Franco-Nevada Corporation $FNV

Key Points

• Enclave Advisors bought a new stake of 5,500 Franco‑Nevada shares in Q4 valued at about $1.14 million, and institutional investors now own approximately 77.06% of the stock.
• Franco‑Nevada reported a strong quarter (EPS $1.85 vs. $1.67 expected; revenue $597.3M, up 86.1% year‑over‑year), raised its quarterly dividend to $0.44 (annualized $1.76), and carries a consensus analyst rating of "Moderate Buy" with a $257.25 target price.

Enclave Advisors LLC bought a new stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,500 shares of the basic materials company's stock, valued at approximately $1,140,000.

Several other large investors also recently added to or reduced their stakes in FNV. GAMMA Investing LLC raised its holdings in shares of Franco-Nevada by 112.3% during the 4th quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 64 shares in the last quarter. Burkett Financial Services LLC bought a new stake in Franco-Nevada in the third quarter worth $28,000. Smartleaf Asset Management LLC increased its position in Franco-Nevada by 600.0% during the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company's stock worth $32,000 after buying an additional 168 shares during the last quarter. Stephens Consulting LLC acquired a new position in Franco-Nevada during the fourth quarter worth $36,000. Finally, City Holding Co. bought a new position in Franco-Nevada during the third quarter valued at about $56,000. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FNV shares. Weiss Ratings raised Franco-Nevada from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, March 20th. Zacks Research raised Franco-Nevada from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. UBS Group restated a "buy" rating and issued a $310.00 target price on shares of Franco-Nevada in a report on Friday, January 30th. Scotiabank upped their target price on Franco-Nevada from $283.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Monday, March 16th. Finally, Royal Bank Of Canada upgraded Franco-Nevada from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $225.00 to $250.00 in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $257.25.

Franco-Nevada Trading Up 2.4%

Shares of Franco-Nevada stock opened at $233.45 on Friday. Franco-Nevada Corporation has a 1 year low of $140.03 and a 1 year high of $285.67. The company's fifty day simple moving average is $252.02 and its 200-day simple moving average is $222.52. The company has a market cap of $45.01 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 2.44 and a beta of 0.45.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Tuesday, March 10th. The basic materials company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.67 by $0.18. The firm had revenue of $597.30 million during the quarter, compared to analysts' expectations of $542.02 million. Franco-Nevada had a net margin of 61.01% and a return on equity of 15.62%. The business's quarterly revenue was up 86.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. As a group, research analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $0.44 per share. This is an increase from Franco-Nevada's previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 12th. Franco-Nevada's dividend payout ratio (DPR) is currently 30.56%.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company's business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.

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