Quadcap Wealth Management LLC Boosts Holdings 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 lifted its stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 52.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,863 shares of the basic materials company's stock after acquiring an additional 1,679 shares during the period. Quadcap Wealth Management LLC's holdings in Franco-Nevada were worth $766,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FNV. Dimensional Fund Advisors LP raised its stake in shares of Franco-Nevada by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 244,478 shares of the basic materials company's stock valued at $28,746,000 after acquiring an additional 38,585 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Franco-Nevada by 538.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after acquiring an additional 512 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Franco-Nevada by 45.6% during the fourth quarter. Capital Analysts LLC now owns 990 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 310 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Franco-Nevada in the fourth quarter worth approximately $1,777,000. Finally, Northern Trust Corp boosted its holdings in Franco-Nevada by 68.1% in the fourth quarter. Northern Trust Corp now owns 153,095 shares of the basic materials company's stock worth $18,002,000 after purchasing an additional 61,998 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Trading Up 2.3%

Shares of FNV stock traded up $4.21 during trading hours on Friday, hitting $188.67. The company's stock had a trading volume of 507,316 shares, compared to its average volume of 673,419. The company has a 50 day moving average of $167.86 and a 200 day moving average of $161.95. Franco-Nevada Corporation has a 12-month low of $112.70 and a 12-month high of $189.00. The stock has a market cap of $36.36 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings results 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. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The firm had revenue of $369.40 million for the quarter, compared to the consensus estimate of $382.70 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm's quarterly revenue was up 42.0% compared to the same quarter last year. As a group, analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The business 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. This represents a $1.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 11th. Franco-Nevada's dividend payout ratio (DPR) is presently 37.35%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FNV shares. HC Wainwright lifted their price target on shares of Franco-Nevada from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Raymond James Financial lifted their price target on shares of Franco-Nevada from $186.00 to $188.00 and gave the company an "outperform" rating in a 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 stock a "sector perform" rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Sunday, August 24th. Finally, TD Securities lifted their price target on shares of Franco-Nevada from $182.00 to $184.00 and gave the stock a "hold" rating in a research note on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.