GAMMA Investing LLC Makes New $1.42 Million Investment in Franco-Nevada Co. (NYSE:FNV)

GAMMA Investing LLC acquired a new position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,981 shares of the basic materials company's stock, valued at approximately $1,415,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nexus Investment Management ULC acquired a new stake in shares of Franco-Nevada in the 1st quarter valued at about $35,000. Versant Capital Management Inc bought a new stake in shares of Franco-Nevada during the 1st quarter valued at about $55,000. Physician Wealth Advisors Inc. bought a new stake in shares of Franco-Nevada during the 4th quarter valued at about $49,000. Harbour Investments Inc. grew its position in shares of Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after buying an additional 93 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Franco-Nevada by 538.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after buying an additional 512 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Ratings Changes

FNV has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Raymond James set a $186.00 target price on shares of Franco-Nevada and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Royal Bank of Canada upped their target price on shares of Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research report on Tuesday, March 11th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $169.63.

Franco-Nevada Price Performance

Shares of NYSE:FNV opened at $171.74 on Friday. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of -54.35, a P/E/G ratio of 9.78 and a beta of 0.42. The company has a 50 day moving average of $166.56 and a 200-day moving average of $145.95. Franco-Nevada Co. has a one year low of $112.70 and a one year high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm had revenue of $368.40 million during the quarter, compared to analysts' expectations of $328.79 million. During the same quarter in the previous year, the company earned $0.76 earnings per share. The business's revenue for the quarter was up 43.5% on a year-over-year basis. Equities research analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is currently 47.50%.

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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