IFG Advisory LLC Takes Position in Franco-Nevada Corporation $FNV

IFG Advisory LLC acquired a new stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,265 shares of the basic materials company’s stock, valued at approximately $207,000.

Several other large investors have also made changes to their positions in the business. SBI Securities Co. Ltd. lifted its position in shares of Franco-Nevada by 10.3% in the first quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 64 shares in the last quarter. Beacon Financial Group lifted its position in shares of Franco-Nevada by 1.0% in the second quarter. Beacon Financial Group now owns 7,169 shares of the basic materials company’s stock valued at $1,175,000 after acquiring an additional 72 shares in the last quarter. Kiker Wealth Management LLC lifted its position 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 acquiring an additional 80 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Franco-Nevada by 22.7% in the second quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock valued at $84,000 after acquiring an additional 95 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Franco-Nevada by 10.9% in the second quarter. Blue Trust Inc. now owns 973 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 96 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Franco-Nevada Price Performance

Shares of FNV stock opened at $185.08 on Wednesday. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $225.63. The stock’s 50 day simple moving average is $201.73 and its two-hundred day simple moving average is $179.37. The company has a market cap of $35.68 billion, a PE ratio of 45.47, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data 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. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The business had revenue of $487.70 million for the quarter, compared to the consensus estimate of $448.51 million. During the same period in the prior year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up 76.9% compared to the same quarter last year. Equities research analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders 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 dividend on an annualized basis and a yield of 0.8%. Franco-Nevada’s dividend payout ratio is 37.35%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FNV. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen cut Franco-Nevada from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. TD Securities raised their price target on Franco-Nevada from $182.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, August 12th. HC Wainwright raised their price target on Franco-Nevada from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday. Finally, 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 report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.57.

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.