Sigma Planning Corp Buys Shares of 1,785 Franco-Nevada Corporation (NYSE:FNV)

Sigma Planning Corp bought a new stake in shares of 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 bought 1,785 shares of the basic materials company's stock, valued at approximately $281,000.

Other large investors have also recently bought and sold shares of the company. CX Institutional acquired a new position in Franco-Nevada during the 1st quarter valued at about $30,000. Nexus Investment Management ULC acquired a new position in Franco-Nevada during the 1st quarter valued at about $35,000. Golden State Wealth Management LLC increased its stake in Franco-Nevada by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock valued at $36,000 after buying an additional 115 shares during the period. Hexagon Capital Partners LLC increased its stake in Franco-Nevada by 494.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock valued at $36,000 after buying an additional 188 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Franco-Nevada in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Stock Performance

Shares of FNV opened at $154.40 on Monday. The company's 50 day moving average price is $164.67 and its 200 day moving average price is $153.63. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $179.99. The company has a market capitalization of $29.75 billion, a PE ratio of 48.25, a PEG ratio of 2.08 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The firm had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm's revenue was up 43.5% on a year-over-year basis. On average, equities analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports 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 research note on Wednesday, May 28th. Scotiabank lifted their price objective on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. CIBC reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. Finally, UBS Group lifted their price objective on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $172.13.

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.

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