Hudson Value Partners LLC Has $5.04 Million Holdings in Franco-Nevada Corporation $FNV

Hudson Value Partners LLC lessened its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,732 shares of the basic materials company’s stock after selling 786 shares during the quarter. Franco-Nevada comprises approximately 1.7% of Hudson Value Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Hudson Value Partners LLC’s holdings in Franco-Nevada were worth $5,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNV. Connor Clark & Lunn Investment Management Ltd. increased its position in Franco-Nevada by 198.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,705,489 shares of the basic materials company’s stock valued at $268,280,000 after acquiring an additional 1,133,373 shares in the last quarter. Scharf Investments LLC acquired a new stake in Franco-Nevada in the 2nd quarter valued at about $78,509,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Franco-Nevada by 101.1% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 672,148 shares of the basic materials company’s stock valued at $105,731,000 after acquiring an additional 337,926 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Franco-Nevada by 53.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 883,293 shares of the basic materials company’s stock worth $138,945,000 after buying an additional 309,161 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Franco-Nevada by 280.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 365,812 shares of the basic materials company’s stock worth $57,526,000 after buying an additional 269,730 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Price Performance

Franco-Nevada stock opened at $222.37 on Thursday. The company’s 50 day simple moving average is $187.85 and its 200 day simple moving average is $171.61. Franco-Nevada Corporation has a fifty-two week low of $112.70 and a fifty-two week high of $225.64. The firm has a market capitalization of $42.85 billion, a price-to-earnings ratio of 54.64, a PEG ratio of 2.92 and a beta of 0.42.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, topping 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 business 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. Franco-Nevada’s quarterly revenue was up 42.0% compared to the same quarter last year. As a group, analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid 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 yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is presently 37.35%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FNV shares. National Bankshares reiterated a “sector perform” rating on shares of Franco-Nevada in a research report on Tuesday, June 24th. UBS Group lifted their price target 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. HC Wainwright lifted their price target on shares of Franco-Nevada from $195.00 to $200.00 and gave the stock 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 research report on Tuesday, August 12th. Finally, Zacks Research cut shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $194.57.

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.