Groupe la Francaise Has $12.27 Million Stake in Franco-Nevada Corporation $FNV

Key Points

• Groupe la Francaise increased its stake in Franco-Nevada Corporation by 16.3%, resulting in a total holding value of approximately $12.27 million as of the latest SEC filing.
• Franco-Nevada reported an earnings per share (EPS) of $1.24 for the last quarter, surpassing analysts' expectations of $1.10 while generating a revenue of $369.40 million.
• The company announced a quarterly dividend of $0.38 per share, with an annualized dividend yield of 0.8%, set to be paid on September 25th.

Groupe la Francaise boosted its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 16.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,500 shares of the basic materials company's stock after purchasing an additional 11,000 shares during the quarter. Groupe la Francaise's holdings in Franco-Nevada were worth $12,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CX Institutional acquired a new stake in Franco-Nevada in the 1st quarter worth about $30,000. Cullen Frost Bankers Inc. acquired a new position in shares of Franco-Nevada in the 1st quarter valued at approximately $32,000. Nexus Investment Management ULC acquired a new position in shares of Franco-Nevada in the 1st quarter valued at approximately $35,000. Hexagon Capital Partners LLC raised its position in shares of Franco-Nevada by 494.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock valued at $36,000 after buying an additional 188 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of Franco-Nevada by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock valued at $36,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Price Performance

FNV stock opened at $184.9210 on Friday. The company has a 50 day simple moving average of $166.18 and a 200 day simple moving average of $160.32. The stock has a market cap of $35.63 billion, a price-to-earnings ratio of 45.44, a P/E/G ratio of 2.42 and a beta of 0.36. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $186.12.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.14. The business had revenue of $369.40 million during the quarter, compared to analysts' expectations of $382.70 million. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The firm's quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. On average, equities research analysts anticipate that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders 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 payout ratio is presently 37.35%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FNV shares. CIBC restated an "outperform" rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. Scotiabank boosted their target price on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 12th. Royal Bank Of Canada boosted their target price on shares of Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. TD Securities boosted their target price on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a "hold" rating in a research report on Tuesday, August 12th. Finally, UBS Group boosted their target price on shares of Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Franco-Nevada presently has a consensus rating of "Moderate Buy" and an average price target of $178.88.

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.

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