Voya Investment Management LLC Invests $249,000 in Franco-Nevada Corporation $FNV

Key Points

• Voya Investment Management LLC has invested approximately $249,000 in Franco-Nevada Corporation by acquiring 1,583 shares in the first quarter.
• Franco-Nevada's recent earnings report showed an EPS of $1.24, exceeding expectations, with a net margin of 58.82% and a revenue increase of 42.0% year-over-year.
• The company's stock currently has a consensus rating of "Moderate Buy" from analysts and a target price of $187.63, with several firms recently raising their target prices.

Voya Investment Management LLC acquired a new stake in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,583 shares of the basic materials company's stock, valued at approximately $249,000.

A number of other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. increased its stake in shares of Franco-Nevada by 10.3% in the first quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company's stock worth $108,000 after purchasing an additional 64 shares during the period. Public Sector Pension Investment Board raised its position in shares of Franco-Nevada by 0.5% during the 1st quarter. Public Sector Pension Investment Board now owns 18,550 shares of the basic materials company's stock valued at $2,917,000 after acquiring an additional 100 shares during the last quarter. Golden State Wealth Management LLC increased its position 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 valued at $36,000 after buying an additional 115 shares in the last quarter. Trust Co. of Vermont increased its holdings in Franco-Nevada by 10.0% during the 1st quarter. Trust Co. of Vermont now owns 1,265 shares of the basic materials company's stock worth $199,000 after purchasing an additional 115 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Franco-Nevada by 7.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,728 shares of the basic materials company's stock worth $272,000 after buying an additional 115 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FNV has been the subject of several recent analyst reports. 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. 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 report on Tuesday, August 12th. Scotiabank lifted their price target on shares of Franco-Nevada from $182.00 to $184.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Finally, UBS Group boosted their target price on shares of Franco-Nevada from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.63.

Franco-Nevada Price Performance

Shares of NYSE:FNV opened at $219.16 on Tuesday. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $222.18. The company's fifty day moving average price is $185.40 and its 200-day moving average price is $170.90. The firm has a market capitalization of $42.24 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 2.85 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released 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. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The company had revenue of $369.40 million for the quarter, compared to analyst estimates of $382.70 million. During the same quarter last year, the firm earned $0.75 EPS. The firm's quarterly revenue was up 42.0% compared to the same quarter last year. As a group, equities research analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

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