Franco-Nevada Corporation $FNV Shares Bought by Autumn Glory Partners LLC

Key Points

• Autumn Glory Partners LLC increased its holding in Franco-Nevada Corporation (NYSE:FNV) by 1,200% during the second quarter, now owning 26,000 shares valued at $4,262,000.
• Franco-Nevada recently reported earnings of $1.24 per share, exceeding analyst expectations, with a significant 42% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.38 per share, representing an annualized yield of 0.7% and a payout ratio of 37.35%.

Autumn Glory Partners LLC grew its position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 1,200.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,000 shares of the basic materials company's stock after buying an additional 24,000 shares during the period. Franco-Nevada accounts for approximately 2.0% of Autumn Glory Partners LLC's investment portfolio, making the stock its 7th largest holding. Autumn Glory Partners LLC's holdings in Franco-Nevada were worth $4,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNV. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Franco-Nevada by 198.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,705,489 shares of the basic materials company's stock valued at $268,280,000 after buying an additional 1,133,373 shares during the period. Scharf Investments LLC acquired a new stake in shares of Franco-Nevada in the 2nd quarter valued at $78,509,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Franco-Nevada by 101.1% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 672,148 shares of the basic materials company's stock valued at $105,731,000 after buying an additional 337,926 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Franco-Nevada by 53.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 883,293 shares of the basic materials company's stock valued at $138,945,000 after buying an additional 309,161 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Franco-Nevada by 280.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 365,812 shares of the basic materials company's stock valued at $57,526,000 after buying an additional 269,730 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 1.4%

FNV stock opened at $220.55 on Monday. The business's 50-day moving average price is $190.09 and its two-hundred day moving average price is $172.75. The firm has a market cap of $42.50 billion, a PE 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.

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

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, September 11th. This represents a $1.52 annualized dividend and a yield of 0.7%. Franco-Nevada's payout ratio is currently 37.35%.

Analyst Ratings Changes

FNV has been the subject of several research reports. Wall Street Zen cut Franco-Nevada from a "buy" rating to a "hold" rating in a research note on Friday. Weiss Ratings restated a "buy (b-)" rating on shares of Franco-Nevada in a research report on Saturday, September 27th. TD Securities raised their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a "hold" rating in a research report on Tuesday, August 12th. HC Wainwright raised their price target on Franco-Nevada from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Finally, National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $194.57.

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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