O Brien Greene & Co. Inc Has $8.42 Million Stake in Franco-Nevada Corporation $FNV

O Brien Greene & Co. Inc grew its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 1.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 51,369 shares of the basic materials company’s stock after acquiring an additional 631 shares during the quarter. Franco-Nevada comprises about 2.8% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 14th biggest position. O Brien Greene & Co. Inc’s holdings in Franco-Nevada were worth $8,420,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FNV. Cullen Frost Bankers Inc. bought a new position in Franco-Nevada in the 1st quarter worth approximately $32,000. Golden State Wealth Management LLC grew its position in Franco-Nevada by 78.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 90 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Franco-Nevada during the second quarter valued at about $57,000. Kiker Wealth Management LLC lifted its stake in shares of Franco-Nevada by 20.5% in the second quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock valued at $77,000 after buying an additional 80 shares during the period. Finally, Physician Wealth Advisors Inc. grew its position in Franco-Nevada by 22.7% during the second quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock worth $84,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

FNV has been the subject of a number of research reports. Zacks Research upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Bank of America upped their target price on Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Raymond James Financial lifted their price target on shares of Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Weiss Ratings upgraded shares of Franco-Nevada from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Finally, HC Wainwright lifted their target price on shares of Franco-Nevada from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average target price of $223.43.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at $188.01 on Friday. The business’s fifty day moving average is $201.85 and its two-hundred day moving average is $179.49. The firm has a market cap of $36.24 billion, a P/E ratio of 46.19, a P/E/G ratio of 1.70 and a beta of 0.40. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $225.63.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, November 3rd. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The business had revenue of $487.70 million during the quarter, compared to analysts’ expectations of $448.51 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. On average, equities research analysts predict that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 4th. This represents a $1.52 annualized dividend and a dividend yield of 0.8%. Franco-Nevada’s payout ratio is currently 31.87%.

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.