Intellus Advisors LLC Sells 2,909 Shares of Franco-Nevada Corporation (NYSE:FNV)

Key Points

• Intellus Advisors LLC has sold 2,909 shares of Franco-Nevada Corporation, reducing its stake by 2.9% and now holds 96,624 shares valued at approximately $15.2 million.
• Franco-Nevada reported earnings per share of $1.07 for the last quarter, exceeding estimates and showing a 43.5% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.38 per share, reflecting an annualized rate of $1.52 with a yield of 0.93%.

Intellus Advisors LLC reduced its stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,624 shares of the basic materials company's stock after selling 2,909 shares during the period. Franco-Nevada makes up about 2.7% of Intellus Advisors LLC's holdings, making the stock its 12th largest holding. Intellus Advisors LLC owned about 0.05% of Franco-Nevada worth $15,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FNV. HB Wealth Management LLC purchased a new stake in Franco-Nevada in the 1st quarter valued at approximately $330,000. TD Asset Management Inc boosted its stake in shares of Franco-Nevada by 6.8% during the 1st quarter. TD Asset Management Inc now owns 1,926,670 shares of the basic materials company's stock worth $302,979,000 after acquiring an additional 122,071 shares in the last quarter. McCollum Christoferson Group LLC boosted its stake in shares of Franco-Nevada by 4.4% during the 1st quarter. McCollum Christoferson Group LLC now owns 33,786 shares of the basic materials company's stock worth $5,323,000 after acquiring an additional 1,425 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Franco-Nevada by 7.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,728 shares of the basic materials company's stock worth $272,000 after acquiring an additional 115 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Franco-Nevada by 41.0% during the 1st quarter. Cetera Investment Advisers now owns 10,110 shares of the basic materials company's stock worth $1,593,000 after acquiring an additional 2,939 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on FNV shares. UBS Group boosted their price target on Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. BMO Capital Markets reiterated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. HC Wainwright reiterated a "buy" rating and issued a $195.00 price target (up from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Finally, Scotiabank boosted their price target on Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

Franco-Nevada Stock Up 1.0%

Shares of NYSE:FNV traded up $1.62 during trading on Tuesday, reaching $162.20. 555,340 shares of the company traded hands, compared to its average volume of 844,720. The firm has a fifty day simple moving average of $164.93 and a 200 day simple moving average of $155.14. The firm has a market cap of $31.25 billion, a P/E ratio of 50.69, a price-to-earnings-growth ratio of 2.17 and a beta of 0.41. Franco-Nevada Corporation has a 1-year low of $112.70 and a 1-year high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $368.40 million during 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 business's revenue was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. As a group, research analysts anticipate that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a $0.38 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 0.94%. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

Franco-Nevada 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.