Sigma Planning Corp Takes $281,000 Position in Franco-Nevada Corporation (NYSE:FNV)

Sigma Planning Corp purchased a new position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,785 shares of the basic materials company's stock, valued at approximately $281,000.

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in shares of Franco-Nevada by 1,583.3% in the 1st 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 during the last quarter. St. James Investment Company LLC lifted its holdings in shares of Franco-Nevada by 29.3% in the 1st quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company's stock worth $34,661,000 after purchasing an additional 49,907 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Franco-Nevada in the 1st quarter worth approximately $265,000. Envestnet Asset Management Inc. lifted its holdings in shares of Franco-Nevada by 36.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company's stock worth $9,200,000 after purchasing an additional 15,483 shares during the last quarter. Finally, Fullcircle Wealth LLC lifted its holdings in shares of Franco-Nevada by 25.7% in the 1st quarter. Fullcircle Wealth LLC now owns 8,964 shares of the basic materials company's stock worth $1,531,000 after purchasing an additional 1,835 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Trading Up 0.3%

Shares of NYSE FNV traded up $0.50 during mid-day trading on Thursday, reaching $162.71. The company had a trading volume of 857,702 shares, compared to its average volume of 654,783. The stock has a market cap of $31.35 billion, a PE ratio of 50.85, a P/E/G ratio of 2.16 and a beta of 0.41. The company has a 50-day moving average price of $164.88 and a two-hundred day moving average price of $154.26. 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 issued its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The business had revenue of $368.40 million for the quarter, compared to analysts' expectations of $328.79 million. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. The company's quarterly revenue was up 43.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. On average, research analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.93%. Franco-Nevada's dividend payout ratio is 47.50%.

Analyst Ratings Changes

FNV has been the topic of several recent analyst reports. Wall Street Zen raised Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. CIBC reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $195.00 target price (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

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.