America First Investment Advisors LLC Sells 11,496 Shares of Franco-Nevada Corporation $FNV

America First Investment Advisors LLC trimmed its holdings in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,440 shares of the basic materials company’s stock after selling 11,496 shares during the quarter. Franco-Nevada comprises 5.5% of America First Investment Advisors LLC’s portfolio, making the stock its 5th biggest holding. America First Investment Advisors LLC’s holdings in Franco-Nevada were worth $30,354,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in Franco-Nevada by 5.9% during the fourth quarter. Legal & General Group Plc now owns 1,044,515 shares of the basic materials company’s stock valued at $216,797,000 after acquiring an additional 57,843 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Franco-Nevada by 32.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the basic materials company’s stock worth $80,000 after purchasing an additional 95 shares during the period. Carrhae Capital LLP lifted its stake in Franco-Nevada by 162.2% during the fourth quarter. Carrhae Capital LLP now owns 293,772 shares of the basic materials company’s stock worth $60,893,000 after purchasing an additional 181,718 shares during the period. Markel Group Inc. increased its holdings in shares of Franco-Nevada by 12.9% during the fourth quarter. Markel Group Inc. now owns 683,500 shares of the basic materials company’s stock worth $141,676,000 after buying an additional 78,000 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Franco-Nevada by 8.0% during the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the basic materials company’s stock worth $198,000 after buying an additional 71 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FNV has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating and set a $310.00 price objective on shares of Franco-Nevada in a report on Friday, January 30th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Franco-Nevada in a research report on Wednesday, February 4th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and set a $291.00 price target for the company in a report on Wednesday, May 20th. Finally, TD Cowen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and cut their price objective for the company from $292.00 to $291.00 in a research report on Wednesday, May 20th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $271.00.

Franco-Nevada Price Performance

Shares of NYSE:FNV opened at $225.75 on Tuesday. The company’s 50-day moving average price is $241.58 and its two-hundred day moving average price is $233.35. Franco-Nevada Corporation has a one year low of $152.89 and a one year high of $285.67. The stock has a market capitalization of $43.54 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.95 and a beta of 0.34.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.29. The company had revenue of $650.70 million for the quarter, compared to analyst estimates of $634.43 million. Franco-Nevada had a net margin of 65.12% and a return on equity of 18.10%. Franco-Nevada’s revenue for the quarter was up 76.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. On average, analysts anticipate that Franco-Nevada Corporation will post 8.84 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. Franco-Nevada’s dividend payout ratio is 24.79%.

Franco-Nevada 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.