St. James Investment Company LLC Has $36.21 Million Stake in Franco-Nevada Corporation $FNV

St. James Investment Company LLC increased its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 0.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 220,876 shares of the basic materials company’s stock after purchasing an additional 888 shares during the period. Franco-Nevada accounts for 5.8% of St. James Investment Company LLC’s investment portfolio, making the stock its 6th largest holding. St. James Investment Company LLC’s holdings in Franco-Nevada were worth $36,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Franco-Nevada in the 1st quarter worth approximately $32,000. Golden State Wealth Management LLC boosted its holdings in Franco-Nevada by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 115 shares during the period. Hexagon Capital Partners LLC boosted its holdings in Franco-Nevada by 494.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 188 shares during the period. Opal Wealth Advisors LLC bought a new position in Franco-Nevada in the 2nd quarter valued at $57,000. Finally, Kiker Wealth Management LLC boosted its holdings 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 purchasing an additional 80 shares during the period. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FNV has been the subject of several analyst reports. Zacks Research raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Scotiabank raised their price target on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a “sector perform” rating in a report on Tuesday, August 12th. HC Wainwright raised their price target on shares of Franco-Nevada from $195.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Bank of America raised their price target on shares of Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, CIBC restated an “outperform” rating on shares of Franco-Nevada in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and a consensus price target of $210.29.

Franco-Nevada Stock Down 5.9%

Shares of NYSE:FNV opened at $193.09 on Wednesday. The stock has a market cap of $37.21 billion, a PE ratio of 47.44, a PEG ratio of 1.92 and a beta of 0.42. The company’s fifty day moving average is $200.11 and its 200 day moving average is $177.10. Franco-Nevada Corporation has a 52 week low of $112.70 and a 52 week high of $225.63.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, August 11th. The basic materials company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The company had revenue of $369.40 million for the quarter, compared to analysts’ expectations of $382.70 million. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue was up 42.0% compared to the same quarter last year. Sell-side analysts anticipate that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a $0.38 dividend. The ex-dividend date was Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.8%. Franco-Nevada’s payout ratio is presently 37.35%.

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.