Franco-Nevada Corporation $FNV Stake Lifted by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC raised its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 57.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,130 shares of the basic materials company’s stock after acquiring an additional 2,600 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Franco-Nevada were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Franco-Nevada during the first quarter valued at $32,000. Golden State Wealth Management LLC lifted its position in shares of Franco-Nevada by 78.3% in the second quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock worth $34,000 after buying an additional 90 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Franco-Nevada in the 2nd quarter valued at $57,000. Kiker Wealth Management LLC grew its stake in Franco-Nevada by 20.5% in the 2nd 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 last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in Franco-Nevada by 22.7% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 95 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Stock Up 0.2%

Shares of FNV stock opened at $188.01 on Friday. Franco-Nevada Corporation has a 12-month low of $112.70 and a 12-month high of $225.63. The firm has a fifty day moving average of $201.85 and a 200-day moving average of $179.49. The firm has a market capitalization of $36.24 billion, a price-to-earnings ratio of 46.19, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, November 3rd. The basic materials company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.06. The business had revenue of $487.70 million for 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%.Franco-Nevada’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 EPS. Research analysts expect 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 paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, December 4th. Franco-Nevada’s dividend payout ratio (DPR) is currently 31.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America raised their price target on Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Scotiabank lifted their price target on shares of Franco-Nevada from $184.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. Zacks Research upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. HC Wainwright upped their price objective on shares of Franco-Nevada from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group increased their price objective on shares of Franco-Nevada from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $223.43.

About Franco-Nevada

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.