U S Global Investors Inc. Increases Position in Franco-Nevada Corporation $FNV

Key Points

• U S Global Investors Inc. increased its stake in Franco-Nevada Corporation by 8.8% during the second quarter, owning 93,305 shares valued at approximately $15.3 million.
• Franco-Nevada recently reported a quarterly EPS of $1.24, exceeding analysts' expectations of $1.10, and had a revenue increase of 42% year-over-year.
• Multiple analysts have recently boosted their target prices for Franco-Nevada, with the average target now at $196.86, indicating a mostly positive outlook.

U S Global Investors Inc. lifted its position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,305 shares of the basic materials company's stock after purchasing an additional 7,532 shares during the period. Franco-Nevada comprises 1.8% of U S Global Investors Inc.'s portfolio, making the stock its 17th largest holding. U S Global Investors Inc.'s holdings in Franco-Nevada were worth $15,295,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Franco-Nevada by 35.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,699 shares of the basic materials company's stock valued at $435,000 after acquiring an additional 973 shares in the last quarter. GAMMA Investing LLC purchased a new position in Franco-Nevada during the first quarter valued at $1,415,000. Integrated Advisors Network LLC grew its stake in Franco-Nevada by 123.0% during the first quarter. Integrated Advisors Network LLC now owns 4,985 shares of the basic materials company's stock valued at $785,000 after acquiring an additional 2,750 shares in the last quarter. CX Institutional purchased a new position in Franco-Nevada during the first quarter valued at $30,000. Finally, Tcfg Wealth Management LLC grew its stake in Franco-Nevada by 3.4% during the first quarter. Tcfg Wealth Management LLC now owns 23,920 shares of the basic materials company's stock valued at $3,769,000 after acquiring an additional 786 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Securities raised their target price on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a "hold" rating in a research note on Tuesday, August 12th. Scotiabank raised their target price on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. Zacks Research cut shares of Franco-Nevada from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. HC Wainwright raised their target price on shares of Franco-Nevada from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, Raymond James Financial lifted their price objective on shares of Franco-Nevada from $218.00 to $234.00 and gave the stock an "outperform" rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Franco-Nevada currently has an average rating of "Hold" and a consensus price target of $196.86.

Franco-Nevada Stock Up 0.3%

Shares of NYSE:FNV opened at $204.30 on Friday. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $225.63. The stock has a market capitalization of $39.37 billion, a P/E ratio of 50.20, a PEG ratio of 2.67 and a beta of 0.42. The firm has a fifty day simple moving average of $195.27 and a two-hundred day simple moving average of $174.46.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 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 business had revenue of $369.40 million during the quarter, compared to analysts' expectations of $382.70 million. During the same period last year, the company posted $0.75 EPS. The business's revenue was up 42.0% on a year-over-year basis. On average, analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, September 11th. Franco-Nevada's dividend payout ratio (DPR) is 37.35%.

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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