Franco-Nevada Corporation $FNV Stock Acquired by Rahlfs Capital LLC

Rahlfs Capital LLC raised its position in Franco-Nevada Corporation (NYSE:FNV – Free Report) (TSE:FNV) by 751.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,205 shares of the basic materials company’s stock after purchasing an additional 11,655 shares during the quarter. Franco-Nevada accounts for about 1.8% of Rahlfs Capital LLC’s holdings, making the stock its 11th biggest holding. Rahlfs Capital LLC’s holdings in Franco-Nevada were worth $3,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silicon Valley Capital Partners acquired a new position in shares of Franco-Nevada during the second quarter worth $31,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Franco-Nevada in the second quarter valued at about $33,000. Global Retirement Partners LLC bought a new position in shares of Franco-Nevada during the second quarter worth about $35,000. Dunhill Financial LLC bought a new position in shares of Franco-Nevada during the second quarter worth about $36,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Franco-Nevada in the first quarter worth approximately $39,000. 77.06% of the stock is currently owned by institutional investors.

Franco-Nevada Price Performance

Shares of NYSE:FNV traded down $3.16 during mid-day trading on Friday, hitting $228.78. The company had a trading volume of 697,987 shares, compared to its average volume of 683,927. The firm has a fifty day moving average price of $253.39 and a 200 day moving average price of $235.88. The company has a market capitalization of $44.12 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.69 and a beta of 0.36. Franco-Nevada Corporation has a one year low of $181.50 and a one year high of $285.67.

Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last released its earnings results on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The company had revenue of $580.90 million for the quarter, compared to analyst estimates of $616.66 million. Franco-Nevada had a net margin of 63.79% and a return on equity of 18.58%. The firm’s revenue was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS. Research analysts expect that Franco-Nevada Corporation will post 7.39 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 10th. Franco-Nevada’s payout ratio is presently 23.01%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FNV. Weiss Ratings upgraded Franco-Nevada from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Jefferies Financial Group dropped their price target on shares of Franco-Nevada from $258.00 to $245.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Zacks Research upgraded shares of Franco-Nevada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Bank of America lowered their target price on shares of Franco-Nevada from $276.00 to $238.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Finally, UBS Group decreased their price target on Franco-Nevada from $310.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.80.

Read Our Latest Stock Analysis on FNV

Franco-Nevada Company Profile

(Free Report)

Franco-Nevada Corporation is a gold-focused royalty and streaming company. Rather than operating mines directly, it provides capital to mining and energy companies in exchange for the right to receive a portion of future production or revenue from their assets. Its portfolio includes royalties, streams and other interests tied primarily to gold, as well as silver, platinum group metals, base metals and energy assets.

The company’s business model provides exposure to commodity production while generally limiting its direct responsibility for mine development, operating costs and capital expenditures.

See Also

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Institutional Ownership by Quarter for Franco-Nevada (NYSE:FNV)

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