Greenline Partners LLC Boosts Stock Holdings in Franco-Nevada Corporation $FNV

Key Points

• Greenline Partners LLC significantly increased its stake in Franco-Nevada Corporation by 68.2% during the 1st quarter, now holding a total of 8,205 shares valued at approximately $1.293 million.
• Several institutional investors acquired new positions in Franco-Nevada, contributing to institutional ownership currently standing at 77.06%.
• Franco-Nevada reported earnings with $1.24 EPS for the quarter, beating estimates, and has declared a quarterly dividend of $0.38 per share, effective September 25th.

Greenline Partners LLC boosted its stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 68.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,205 shares of the basic materials company's stock after buying an additional 3,326 shares during the quarter. Greenline Partners LLC's holdings in Franco-Nevada were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in Franco-Nevada during the first quarter worth about $30,000. Cullen Frost Bankers Inc. acquired a new position in Franco-Nevada during the first quarter worth about $32,000. Nexus Investment Management ULC acquired a new position in Franco-Nevada during the first quarter worth about $35,000. Hexagon Capital Partners LLC grew its position in Franco-Nevada by 494.7% during the first quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock worth $36,000 after buying an additional 188 shares during the period. Finally, Golden State Wealth Management LLC grew its position in Franco-Nevada by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock worth $36,000 after buying an additional 115 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FNV has been the topic of several recent analyst reports. HC Wainwright upped their target price on shares of Franco-Nevada from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Sunday, August 24th. Raymond James Financial increased their price target on shares of Franco-Nevada from $186.00 to $188.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Finally, CIBC reiterated an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Franco-Nevada currently has an average rating of "Moderate Buy" and an average target price of $178.88.

Franco-Nevada Trading Down 0.2%

Shares of FNV stock opened at $190.06 on Thursday. The company's fifty day simple moving average is $169.33 and its 200-day simple moving average is $162.81. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $192.04. The company has a market cap of $36.63 billion, a PE ratio of 46.70, a P/E/G ratio of 2.51 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its earnings results on Monday, August 11th. The basic materials company reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.14. The business had revenue of $369.40 million for the quarter, compared to the consensus estimate of $382.70 million. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The business's revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. Equities research analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 11th. Franco-Nevada's dividend payout ratio (DPR) is presently 37.35%.

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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