Franco-Nevada Corporation $FNV Stock Position Raised by PKO Investment Management Joint Stock Co

Key Points

• PKO Investment Management increased its stake in Franco‑Nevada by 11.4% in Q4 to 69,914 shares (about $14.52M), making FNV roughly 1.2% of PKO’s holdings and its 18th largest position.
• Franco‑Nevada posted strong quarterly results—EPS $1.85 vs. $1.67 expected and revenue $597.3M (up 86.1% YoY)—with a 61.01% net margin and analysts projecting about $7.92 EPS for the year.
• Analysts are broadly positive: eight Buy vs six Hold ratings yield a consensus "Moderate Buy" and a $257.25 target price, with multiple firms issuing upgrades or reaffirmations.

PKO Investment Management Joint Stock Co increased its holdings in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,914 shares of the basic materials company's stock after acquiring an additional 7,150 shares during the quarter. Franco-Nevada makes up approximately 1.2% of PKO Investment Management Joint Stock Co's holdings, making the stock its 18th biggest holding. PKO Investment Management Joint Stock Co's holdings in Franco-Nevada were worth $14,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position 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 worth $25,000 after purchasing an additional 64 shares during the period. Burkett Financial Services LLC acquired a new position in Franco-Nevada during the 3rd quarter valued at approximately $28,000. Private Trust Co. NA acquired a new position in Franco-Nevada during the 4th quarter valued at approximately $29,000. Smartleaf Asset Management LLC grew its stake in Franco-Nevada by 600.0% during the 2nd 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. Finally, Stephens Consulting LLC bought a new position in Franco-Nevada during the 4th quarter worth $36,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FNV shares. Weiss Ratings upgraded Franco-Nevada from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, March 20th. UBS Group restated a "buy" rating and set a $310.00 price target on shares of Franco-Nevada in a research report on Friday, January 30th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Sunday, April 26th. Finally, Scotiabank boosted their target price on shares of Franco-Nevada from $283.00 to $286.00 and gave the company a "sector perform" rating in a research note on Monday, March 16th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.25.

Franco-Nevada Trading Down 1.8%

FNV stock opened at $226.09 on Friday. The firm's 50-day moving average is $252.85 and its two-hundred day moving average is $229.37. The company has a market capitalization of $43.60 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. Franco-Nevada Corporation has a 52 week low of $152.89 and a 52 week high of $285.67.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Tuesday, March 10th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.18. Franco-Nevada had a net margin of 61.01% and a return on equity of 15.62%. The business had revenue of $597.30 million during the quarter, compared to analysts' expectations of $542.02 million. During the same period last year, the firm posted $0.95 earnings per share. The business's revenue was up 86.1% on a year-over-year basis. On average, equities research analysts predict that Franco-Nevada Corporation will post 7.92 earnings per share for the current year.

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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