Fullcircle Wealth LLC Has $1.53 Million Stake in Franco-Nevada Corporation (NYSE:FNV)

Fullcircle Wealth LLC raised its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 25.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,964 shares of the basic materials company's stock after purchasing an additional 1,835 shares during the period. Fullcircle Wealth LLC's holdings in Franco-Nevada were worth $1,531,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Capital World Investors increased its holdings in shares of Franco-Nevada by 9.8% in the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after acquiring an additional 711,591 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Franco-Nevada by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 7,799,415 shares of the basic materials company's stock worth $916,540,000 after purchasing an additional 132,465 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Franco-Nevada by 0.3% in the fourth quarter. Bank of Montreal Can now owns 5,300,880 shares of the basic materials company's stock worth $622,124,000 after purchasing an additional 15,273 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings in shares of Franco-Nevada by 49.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock valued at $582,100,000 after buying an additional 1,650,358 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Franco-Nevada by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,286,661 shares of the basic materials company's stock valued at $504,069,000 after buying an additional 400,384 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

Franco-Nevada stock traded up $0.21 during mid-day trading on Monday, hitting $165.30. The company's stock had a trading volume of 938,700 shares, compared to its average volume of 748,653. The firm's 50 day moving average is $166.74 and its 200 day moving average is $150.83. The company has a market cap of $31.85 billion, a PE ratio of 51.66, a price-to-earnings-growth ratio of 2.26 and a beta of 0.41. Franco-Nevada Corporation has a 52-week low of $112.70 and a 52-week high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping 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 return on equity of 11.40% and a net margin of 50.39%. The business's revenue for the quarter was up 43.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. As a group, analysts forecast that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's payout ratio is currently 47.50%.

Analysts Set New Price Targets

FNV has been the subject of several research analyst reports. HC Wainwright restated a "buy" rating and issued a $195.00 price objective (up previously from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Royal Bank Of Canada upped their target price on Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Raymond James Financial set a $186.00 target price on Franco-Nevada and gave the company an "outperform" rating in a report on Wednesday, May 28th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Franco-Nevada has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

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.