Quadcap Wealth Management LLC Boosts Stock Position in Franco-Nevada Corporation $FNV

Key Points

• Quadcap Wealth Management LLC increased its stake in Franco-Nevada Corporation by 52.7%, now holding 4,863 shares worth approximately $766,000.
• Franco-Nevada recently reported a quarterly earnings per share of $1.24, surpassing analyst expectations, while total revenue reached $369.40 million, although slightly below predictions.
• The company announced a quarterly dividend of $0.38, with an ex-dividend date set for September 11th, indicating a yield of 0.8%.

Quadcap Wealth Management LLC boosted its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 52.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,863 shares of the basic materials company's stock after buying an additional 1,679 shares during the period. Quadcap Wealth Management LLC's holdings in Franco-Nevada were worth $766,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FNV. CX Institutional purchased a new position in shares of Franco-Nevada in the 1st quarter worth about $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of Franco-Nevada in the 1st quarter worth about $32,000. Nexus Investment Management ULC purchased a new position in shares of Franco-Nevada in the 1st quarter worth about $35,000. Hexagon Capital Partners LLC raised its holdings 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 worth $36,000 after purchasing an additional 188 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings 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 worth $36,000 after purchasing an additional 115 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Stock Performance

Shares of NYSE:FNV traded up $4.21 during mid-day trading on Monday, hitting $188.67. 507,316 shares of the company traded hands, compared to its average volume of 653,849. The firm has a market cap of $36.36 billion, a P/E ratio of 46.36, a PEG ratio of 2.51 and a beta of 0.41. Franco-Nevada Corporation has a 52-week low of $112.70 and a 52-week high of $189.00. The firm's 50 day simple moving average is $167.86 and its 200 day simple moving average is $162.07.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Monday, August 11th. The basic materials company reported $1.24 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.56% and a net margin of 58.82%.The company's revenue was up 42.0% on a year-over-year basis. During the same period last year, the business 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 firm also recently disclosed 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. The ex-dividend date is Thursday, September 11th. This represents a $1.52 annualized dividend and a yield of 0.8%. Franco-Nevada's payout ratio is currently 37.35%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank raised their price objective on Franco-Nevada from $182.00 to $184.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Sunday, August 24th. UBS Group raised their target price on Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Royal Bank Of Canada raised their target price on Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Finally, TD Securities raised their target price on Franco-Nevada from $182.00 to $184.00 and gave the company a "hold" rating in a report on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Franco-Nevada has an average rating of "Moderate Buy" and an average price target of $178.88.

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.