Franco-Nevada Corporation $FNV Stock: Kestra Advisory Services LLC Increases Position

Kestra Advisory Services LLC grew its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,408 shares of the basic materials company’s stock after acquiring an additional 2,252 shares during the quarter. Kestra Advisory Services LLC’s holdings in Franco-Nevada were worth $6,764,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Markel Group Inc. raised its stake in shares of Franco-Nevada by 1.7% during the 3rd quarter. Markel Group Inc. now owns 787,000 shares of the basic materials company’s stock worth $187,393,000 after acquiring an additional 13,500 shares in the last quarter. Integrity Advisory Solutions LLC purchased a new stake in shares of Franco-Nevada during the 3rd quarter valued at $255,000. McAlvany Wealth Management LLC lifted its holdings in shares of Franco-Nevada by 4.6% during the 3rd quarter. McAlvany Wealth Management LLC now owns 23,502 shares of the basic materials company’s stock valued at $5,596,000 after purchasing an additional 1,034 shares during the last quarter. Vise Technologies Inc. lifted its holdings in shares of Franco-Nevada by 12.7% during the 3rd quarter. Vise Technologies Inc. now owns 3,950 shares of the basic materials company’s stock valued at $941,000 after purchasing an additional 445 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Franco-Nevada by 13.2% in the 3rd quarter. D.A. Davidson & CO. now owns 10,722 shares of the basic materials company’s stock worth $2,553,000 after purchasing an additional 1,250 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Trading Down 2.9%

Shares of FNV stock opened at $248.41 on Thursday. The company has a market capitalization of $47.92 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.97 and a beta of 0.34. The business’s 50 day moving average is $248.48 and its two-hundred day moving average is $240.07. Franco-Nevada Corporation has a 12-month low of $188.47 and a 12-month high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, November 11th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.12. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%. The firm had revenue of $549.30 million for the quarter, compared to analyst estimates of $568.44 million. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue was up 12.6% on a year-over-year basis. On average, research analysts predict that Franco-Nevada Corporation will post 7.40 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Franco-Nevada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their price objective on shares of Franco-Nevada from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Finally, Weiss Ratings upgraded shares of Franco-Nevada from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $275.30.

Franco-Nevada Profile

Franco-Nevada is a Toronto-based company that provides financing to mining and energy businesses in exchange for royalties, streams and other interests in production. Rather than operating mines itself, it gives partners capital and receives a share of revenue or future output from their projects. The company’s portfolio is focused on gold and other precious metals, and also includes interests in other minerals and energy assets, including oil and gas. Its projects and counterparties span multiple regions, including North and South America, Africa, Australia and Europe.