Fullcircle Wealth LLC Increases Holdings in Franco-Nevada Corporation (NYSE:FNV)

Fullcircle Wealth LLC raised its position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 25.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,964 shares of the basic materials company's stock after purchasing an additional 1,835 shares during the quarter. Fullcircle Wealth LLC's holdings in Franco-Nevada were worth $1,531,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FNV. Bank of New York Mellon Corp raised its position in Franco-Nevada by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 171,005 shares of the basic materials company's stock valued at $20,109,000 after purchasing an additional 6,355 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Franco-Nevada by 25.6% during the fourth quarter. Jones Financial Companies Lllp now owns 619 shares of the basic materials company's stock worth $73,000 after acquiring an additional 126 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Franco-Nevada during the fourth quarter worth about $73,000. Steward Partners Investment Advisory LLC raised its position in shares of Franco-Nevada by 113.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock worth $601,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Franco-Nevada by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after acquiring an additional 16,029 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FNV has been the subject of several recent analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $195.00 target price (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. Wall Street Zen raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Scotiabank lifted their price target on Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

Franco-Nevada Price Performance

FNV traded down $0.02 during midday trading on Thursday, reaching $159.06. 553,541 shares of the company's stock traded hands, compared to its average volume of 749,793. The firm has a fifty day moving average of $166.17 and a two-hundred day moving average of $151.28. The stock has a market capitalization of $30.64 billion, a price-to-earnings ratio of 49.71, a P/E/G ratio of 2.17 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 released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The business had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. Franco-Nevada's quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. Sell-side analysts forecast that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's payout ratio is 47.50%.

Franco-Nevada 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.