Fielder Capital Group LLC Takes $1.35 Million Position in Franco-Nevada Corporation $FNV

Key Points

• Fielder Capital Group acquired 6,458 Franco-Nevada shares worth approximately $1.35 million, while institutional investors collectively own 77.06% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $273.40.
• Franco-Nevada’s quarterly revenue rose 57.3% year over year, although earnings and revenue missed estimates; the company declared a quarterly dividend of $0.44 per share, representing a 0.8% yield.

Fielder Capital Group LLC acquired a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,458 shares of the basic materials company's stock, valued at approximately $1,346,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transamerica Financial Advisors LLC bought a new position in shares of Franco-Nevada during the 4th quarter worth approximately $25,000. Private Trust Co. NA acquired a new stake in Franco-Nevada during the 4th quarter valued at approximately $29,000. Ascentis Independent Advisors purchased a new stake in Franco-Nevada in the first quarter valued at $39,000. Navalign LLC acquired a new position in shares of Franco-Nevada in the 4th quarter valued at about $34,000. Finally, Quattro Advisors LLC acquired a new stake in Franco-Nevada during the fourth quarter worth about $36,000. Institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FNV. Bank of America lowered their price target on shares of Franco-Nevada from $276.00 to $238.00 and set a "neutral" rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada dropped their target price on Franco-Nevada from $295.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, July 9th. National Bank Financial raised Franco-Nevada from a "sector perform" rating to an "outperform" rating in a report on Wednesday, May 13th. HC Wainwright reaffirmed a "buy" rating and set a $305.00 target price on shares of Franco-Nevada in a research note on Wednesday, May 13th. Finally, UBS Group reduced their price objective on shares of Franco-Nevada from $310.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $273.40.

Franco-Nevada Price Performance

NYSE:FNV opened at $234.50 on Monday. The business's fifty day moving average price is $215.69 and its 200 day moving average price is $235.14. The firm has a market capitalization of $45.23 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.14 and a beta of 0.35. Franco-Nevada Corporation has a 12 month low of $173.39 and a 12 month high of $285.67.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.14). The company had revenue of $580.90 million for the quarter, compared to analyst estimates of $616.66 million. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%.The firm's revenue for the quarter was up 57.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. As a group, equities analysts anticipate that Franco-Nevada Corporation will post 7.6 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, September 10th. Franco-Nevada's dividend payout ratio (DPR) is currently 23.01%.

Franco-Nevada 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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