Euro Pacific Asset Management LLC Increases Stock Holdings in Franco-Nevada Corporation $FNV

Key Points

• Euro Pacific Asset Management LLC increased its holdings in Franco-Nevada Corporation by 0.8% to own 228,628 shares, making it the 4th biggest position in their portfolio.
• Franco-Nevada's latest quarterly earnings showed an EPS of $1.24, exceeding expectations, while revenue was reported at $369.40 million, which is a 42% increase year-over-year.
• A number of analysts recently adjusted their price targets for Franco-Nevada, with a consensus target price of $194.57 and a rating of "Moderate Buy" from multiple firms.

Euro Pacific Asset Management LLC increased its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 228,628 shares of the basic materials company's stock after buying an additional 1,856 shares during the quarter. Franco-Nevada comprises approximately 6.0% of Euro Pacific Asset Management LLC's portfolio, making the stock its 4th biggest position. Euro Pacific Asset Management LLC owned about 0.12% of Franco-Nevada worth $37,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. raised its holdings in shares of Franco-Nevada by 10.3% during the first quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company's stock valued at $108,000 after purchasing an additional 64 shares during the last quarter. Beacon Financial Group grew its position in Franco-Nevada by 1.0% in the 2nd quarter. Beacon Financial Group now owns 7,169 shares of the basic materials company's stock worth $1,175,000 after purchasing an additional 72 shares during the period. Physician Wealth Advisors Inc. raised its stake in Franco-Nevada by 22.7% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company's stock valued at $84,000 after buying an additional 95 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Franco-Nevada by 3.1% during the 2nd quarter. Signaturefd LLC now owns 3,292 shares of the basic materials company's stock valued at $540,000 after buying an additional 99 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of Franco-Nevada by 0.5% in the 1st quarter. Public Sector Pension Investment Board now owns 18,550 shares of the basic materials company's stock worth $2,917,000 after buying an additional 100 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on FNV shares. Scotiabank upped their price objective 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. Canaccord Genuity Group downgraded shares of Franco-Nevada from a "strong-buy" rating to a "hold" rating in a report on Thursday. Raymond James Financial boosted their target price on shares of Franco-Nevada from $203.00 to $218.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Zacks Research cut shares of Franco-Nevada from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, HC Wainwright lifted their price target 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. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $194.57.

Franco-Nevada Price Performance

Shares of NYSE:FNV opened at $220.55 on Monday. The company has a market capitalization of $42.50 billion, a P/E ratio of 54.19, a P/E/G ratio of 2.89 and a beta of 0.42. Franco-Nevada Corporation has a 1-year low of $112.70 and a 1-year high of $225.63. The firm's 50 day simple moving average is $190.09 and its two-hundred day simple moving average is $172.75.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced 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. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The firm had revenue of $369.40 million for the quarter, compared to the consensus estimate of $382.70 million. During the same period last year, the firm earned $0.75 EPS. The company's revenue was up 42.0% on a year-over-year basis. On average, sell-side analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.7%. Franco-Nevada's dividend payout ratio is 37.35%.

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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