Tectonic Advisors LLC Raises Holdings in Franco-Nevada Corporation (NYSE:FNV)

Tectonic Advisors LLC raised its stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 28.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,285 shares of the basic materials company's stock after acquiring an additional 1,837 shares during the quarter. Tectonic Advisors LLC's holdings in Franco-Nevada were worth $1,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of Franco-Nevada by 10.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company's stock worth $108,000 after buying an additional 64 shares in the last quarter. Confluence Investment Management LLC grew its position in Franco-Nevada by 1.5% in the 1st quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company's stock valued at $926,000 after purchasing an additional 84 shares during the period. Harbour Investments Inc. grew its position in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares during the period. CoreCommodity Management LLC grew its position in Franco-Nevada by 2.9% in the 4th quarter. CoreCommodity Management LLC now owns 3,869 shares of the basic materials company's stock valued at $455,000 after purchasing an additional 108 shares during the period. Finally, Trust Co. of Vermont grew its position in Franco-Nevada by 10.0% in the 1st quarter. Trust Co. of Vermont now owns 1,265 shares of the basic materials company's stock valued at $199,000 after purchasing an additional 115 shares during the period. Institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

FNV has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. CIBC reissued an "outperform" rating on shares of Franco-Nevada in a report on Tuesday. UBS Group upped their target price on Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. 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, Scotiabank upped their target price on Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada has an average rating of "Moderate Buy" and a consensus target price of $172.13.

Franco-Nevada Stock Down 0.1%

Shares of NYSE FNV traded down $0.18 during midday trading on Friday, hitting $154.40. The stock had a trading volume of 450,316 shares, compared to its average volume of 751,767. The company has a market capitalization of $29.75 billion, a PE ratio of 48.25, a P/E/G ratio of 2.08 and a beta of 0.41. The stock has a 50 day simple moving average of $164.67 and a 200-day simple moving average of $153.15. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. The business had revenue of $368.40 million for 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 quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. As a group, analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a $0.38 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. Franco-Nevada's payout ratio is presently 47.50%.

About Franco-Nevada

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.