Franco-Nevada Corporation $FNV Stock Position Lifted by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 210.4% in the second quarter, Holdings Channel reports. The institutional investor owned 18,235 shares of the basic materials company’s stock after acquiring an additional 12,360 shares during the quarter. Osaic Holdings Inc.’s holdings in Franco-Nevada were worth $2,989,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Beacon Financial Group raised its holdings in shares of Franco-Nevada by 1.0% during the second quarter. Beacon Financial Group now owns 7,169 shares of the basic materials company’s stock worth $1,175,000 after acquiring an additional 72 shares in the last quarter. Kiker Wealth Management LLC raised its stake in shares of Franco-Nevada by 20.5% during the 2nd quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 80 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Franco-Nevada by 78.3% during the 2nd 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 in the last quarter. Physician Wealth Advisors Inc. lifted its holdings 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. Finally, Blue Trust Inc. grew its stake in shares of Franco-Nevada by 10.9% in the 2nd quarter. Blue Trust Inc. now owns 973 shares of the basic materials company’s stock valued at $160,000 after buying an additional 96 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FNV has been the topic of several recent research reports. Bank of America raised their price objective on shares of Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Scotiabank raised their target price on Franco-Nevada from $184.00 to $225.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. UBS Group boosted their price target on Franco-Nevada from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Finally, TD Securities decreased their price target on Franco-Nevada from $247.00 to $225.00 and set a “hold” rating for the company in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $232.75.

Franco-Nevada Price Performance

Shares of FNV opened at $217.46 on Friday. The company has a market capitalization of $41.92 billion, a PE ratio of 45.59, a price-to-earnings-growth ratio of 1.67 and a beta of 0.46. Franco-Nevada Corporation has a one year low of $115.79 and a one year high of $225.63. The company’s fifty day moving average price is $200.16 and its 200 day moving average price is $188.65.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Monday, November 3rd. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.06. The company had revenue of $487.70 million for the quarter, compared to the consensus estimate of $448.51 million. Franco-Nevada had a return on equity of 13.94% and a net margin of 59.48%.The firm’s revenue was up 76.9% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. Analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, December 4th. Franco-Nevada’s payout ratio is currently 31.87%.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.