Franco-Nevada Corporation $FNV Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,590 shares of the basic materials company’s stock after acquiring an additional 480 shares during the quarter. Cetera Investment Advisers’ holdings in Franco-Nevada were worth $1,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in Franco-Nevada by 78.3% during the second quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 90 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of Franco-Nevada by 590.9% during the second quarter. CENTRAL TRUST Co now owns 228 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 195 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Franco-Nevada in the 2nd quarter worth about $57,000. Kiker Wealth Management LLC boosted its holdings in shares of 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 period. Finally, Physician Wealth Advisors Inc. grew its position in shares of Franco-Nevada by 22.7% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock valued at $84,000 after buying an additional 95 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Stock Performance

NYSE:FNV opened at $209.27 on Monday. The stock has a market cap of $40.34 billion, a price-to-earnings ratio of 51.42, a PEG ratio of 1.70 and a beta of 0.40. Franco-Nevada Corporation has a 1 year low of $114.81 and a 1 year high of $225.63. The business has a fifty day moving average of $202.01 and a 200-day moving average of $183.10.

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 for the quarter, beating analysts’ consensus estimates 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 net margin of 58.82% and a return on equity of 12.56%. The company’s revenue was up 76.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. On average, equities research analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The business 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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 4th. Franco-Nevada’s dividend payout ratio is currently 31.87%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FNV. TD Securities cut their target price on shares of Franco-Nevada from $247.00 to $225.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th. Zacks Research raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Franco-Nevada in a research note on Tuesday, November 25th. Finally, UBS Group upped their price target on shares of Franco-Nevada from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $223.43.

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.