GeoSphere Capital Management LLC acquired a new stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,000 shares of the basic materials company's stock, valued at approximately $2,352,000. Franco-Nevada makes up about 1.1% of GeoSphere Capital Management LLC's holdings, making the stock its 18th biggest position.
Several other large investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Franco-Nevada during the 4th quarter valued at $47,000. Physician Wealth Advisors Inc. bought a new stake in Franco-Nevada during the fourth quarter worth about $49,000. Harbour Investments Inc. grew its stake in Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after buying an additional 93 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Franco-Nevada by 538.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 607 shares of the basic materials company's stock valued at $71,000 after buying an additional 512 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Franco-Nevada in the 4th quarter valued at about $73,000. Institutional investors own 77.06% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. UBS Group upped their price target on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 23rd. BMO Capital Markets initiated coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, StockNews.com upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $162.75.
Get Our Latest Stock Report on Franco-Nevada
Franco-Nevada Stock Down 0.8%
FNV stock traded down $1.21 during trading on Tuesday, hitting $157.46. The company had a trading volume of 132,961 shares, compared to its average volume of 715,354. The firm has a market capitalization of $30.32 billion, a P/E ratio of -49.88, a PEG ratio of 9.78 and a beta of 0.45. The company has a 50 day simple moving average of $159.27 and a 200-day simple moving average of $139.03. Franco-Nevada Co. has a 52-week low of $112.70 and a 52-week high of $178.74.
Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its earnings results 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. The business had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company's revenue for the quarter was up 43.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. Sell-side analysts forecast that Franco-Nevada Co. will post 3.09 earnings per share for the current year.
Franco-Nevada Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, June 12th. Franco-Nevada's dividend payout ratio (DPR) is currently 47.50%.
About Franco-Nevada
(
Free Report)
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.
Further Reading
Before you consider Franco-Nevada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franco-Nevada wasn't on the list.
While Franco-Nevada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
