Envestnet Portfolio Solutions Inc. Buys 2,493 Shares of Franco-Nevada Corporation (NYSE:FNV)

Envestnet Portfolio Solutions Inc. grew its stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 21.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,977 shares of the basic materials company's stock after buying an additional 2,493 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Franco-Nevada were worth $2,202,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. CWA Asset Management Group LLC lifted its holdings in Franco-Nevada by 8.8% in the 1st quarter. CWA Asset Management Group LLC now owns 161,719 shares of the basic materials company's stock worth $25,480,000 after purchasing an additional 13,051 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Franco-Nevada in the first quarter worth $501,000. Ritholtz Wealth Management bought a new stake in shares of Franco-Nevada during the 1st quarter worth $235,000. Tcfg Wealth Management LLC boosted its holdings in shares of Franco-Nevada by 3.4% during the 1st quarter. Tcfg Wealth Management LLC now owns 23,920 shares of the basic materials company's stock worth $3,769,000 after buying an additional 786 shares during the period. Finally, CX Institutional acquired a new position in Franco-Nevada in the 1st quarter valued at $30,000. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Performance

Shares of NYSE FNV opened at $165.98 on Monday. Franco-Nevada Corporation has a 52-week low of $112.70 and a 52-week high of $179.99. The business has a fifty day moving average of $168.08 and a two-hundred day moving average of $147.72. The stock has a market cap of $31.98 billion, a PE ratio of 51.87, a PEG ratio of 2.30 and a beta of 0.42.

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

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 0.92%. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FNV shares. Raymond James Financial set a $186.00 target price on shares of Franco-Nevada and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Wall Street Zen raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a report on Tuesday, March 11th. HC Wainwright reiterated a "buy" rating and issued a $195.00 price objective (up previously from $180.00) on shares of Franco-Nevada in a research report on Wednesday, May 28th. Finally, UBS Group boosted their price objective on Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 11th. 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.com, Franco-Nevada has a consensus rating of "Moderate Buy" and an average price target of $169.63.

Franco-Nevada Company 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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