IFP Advisors Inc Has $1.75 Million Stock Position in Franco-Nevada Corporation (NYSE:FNV)

IFP Advisors Inc lifted its position in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 92.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,111 shares of the basic materials company's stock after purchasing an additional 5,328 shares during the quarter. IFP Advisors Inc's holdings in Franco-Nevada were worth $1,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Franco-Nevada by 1,583.3% during the first quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company's stock worth $2,067,000 after purchasing an additional 12,350 shares in the last quarter. St. James Investment Company LLC raised its holdings in shares of Franco-Nevada by 29.3% during the first quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company's stock worth $34,661,000 after acquiring an additional 49,907 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Franco-Nevada by 36.1% during the first quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company's stock worth $9,200,000 after acquiring an additional 15,483 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Franco-Nevada during the first quarter worth $265,000. Finally, Fullcircle Wealth LLC raised its holdings in shares of Franco-Nevada by 25.7% during the first quarter. Fullcircle Wealth LLC now owns 8,964 shares of the basic materials company's stock worth $1,531,000 after acquiring an additional 1,835 shares during the period. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FNV shares. Raymond James Financial set a $186.00 price objective on shares of Franco-Nevada and gave the stock an "outperform" rating in a report on Wednesday, May 28th. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. HC Wainwright restated a "buy" rating and set a $195.00 price objective (up from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. UBS Group raised their price objective on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Franco-Nevada currently has an average rating of "Moderate Buy" and a consensus target price of $172.13.

Franco-Nevada Price Performance

FNV stock traded up $0.37 during midday trading on Friday, hitting $163.01. The company's stock had a trading volume of 911,866 shares, compared to its average volume of 673,251. Franco-Nevada Corporation has a twelve month low of $112.70 and a twelve month high of $179.99. The company's fifty day moving average price is $164.96 and its 200 day moving average price is $154.72. The stock has a market capitalization of $31.40 billion, a P/E ratio of 50.94, a PEG ratio of 2.17 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. The firm had revenue of $368.40 million for the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The company's revenue was up 43.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. Equities analysts expect that Franco-Nevada Corporation will post 3.09 EPS 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 dividend of $0.38 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. Franco-Nevada's dividend payout ratio is presently 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.