Franco-Nevada Co. (NYSE:FNV) Stock Holdings Boosted by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC lifted its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,293 shares of the basic materials company’s stock after buying an additional 228 shares during the period. Fortune Financial Advisors LLC’s holdings in Franco-Nevada were worth $658,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mediolanum International Funds Ltd acquired a new stake in Franco-Nevada in the 1st quarter valued at about $8,340,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Franco-Nevada by 116.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,628 shares of the basic materials company’s stock valued at $1,028,000 after purchasing an additional 4,637 shares during the last quarter. Inspire Advisors LLC acquired a new stake in Franco-Nevada during the first quarter valued at approximately $495,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Franco-Nevada by 3,404.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 727,681 shares of the basic materials company’s stock worth $86,287,000 after buying an additional 706,919 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in Franco-Nevada in the first quarter worth approximately $1,132,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Price Performance

Shares of FNV opened at $135.62 on Friday. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of -44.61, a P/E/G ratio of 22.67 and a beta of 0.76. The business’s 50-day moving average is $124.91 and its 200-day moving average is $123.29. Franco-Nevada Co. has a fifty-two week low of $102.29 and a fifty-two week high of $137.52.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company had revenue of $260.10 million during the quarter, compared to analyst estimates of $277.44 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The firm’s quarterly revenue was down 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. Equities research analysts expect that Franco-Nevada Co. will post 3.26 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.44 annualized dividend and a dividend yield of 1.06%. Franco-Nevada’s dividend payout ratio is -47.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FNV shares. StockNews.com raised Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Bank of America downgraded Franco-Nevada from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $142.00 to $139.00 in a report on Tuesday, October 1st. Scotiabank upped their price objective on shares of Franco-Nevada from $141.00 to $142.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group dropped their target price on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.75.

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.