Groupama Asset Managment Buys 87,075 Shares of Franco-Nevada Corporation $FNV

Key Points

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Groupama Asset Managment lifted its stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 65.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,385 shares of the basic materials company's stock after buying an additional 87,075 shares during the period. Groupama Asset Managment owned about 0.11% of Franco-Nevada worth $34,263,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Maven Securities LTD purchased a new position in shares of Franco-Nevada during the first quarter valued at approximately $843,000. Korea Investment CORP boosted its position in shares of Franco-Nevada by 2.6% during the first quarter. Korea Investment CORP now owns 126,467 shares of the basic materials company's stock valued at $19,888,000 after buying an additional 3,207 shares during the last quarter. Northern Trust Corp boosted its position in shares of Franco-Nevada by 12.8% during the first quarter. Northern Trust Corp now owns 172,675 shares of the basic materials company's stock valued at $27,207,000 after buying an additional 19,580 shares during the last quarter. Aviso Financial Inc. boosted its position in shares of Franco-Nevada by 2.4% during the first quarter. Aviso Financial Inc. now owns 97,141 shares of the basic materials company's stock valued at $15,284,000 after buying an additional 2,288 shares during the last quarter. Finally, Global View Capital Management LLC boosted its position in shares of Franco-Nevada by 13.8% during the first quarter. Global View Capital Management LLC now owns 3,686 shares of the basic materials company's stock valued at $581,000 after buying an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Franco-Nevada Price Performance

Shares of FNV traded up $3.0610 during mid-day trading on Friday, hitting $184.9210. The stock had a trading volume of 808,681 shares, compared to its average volume of 688,990. The firm has a market cap of $35.63 billion, a P/E ratio of 45.44, a PEG ratio of 2.45 and a beta of 0.36. The business has a fifty day moving average price of $166.18 and a 200-day moving average price of $160.58. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $186.12.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.14. The firm had revenue of $369.40 million for the quarter, compared to analyst estimates of $382.70 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The business's revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. As a group, research analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 11th. This represents a $1.52 annualized dividend and a dividend yield of 0.8%. Franco-Nevada's payout ratio is presently 37.35%.

Analyst Ratings Changes

FNV has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. TD Securities lifted their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a "hold" rating in a report on Tuesday, August 12th. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. UBS Group lifted their price target on Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Scotiabank lifted their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.88.

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.