Franco-Nevada Corporation $FNV Holdings Decreased by Chelsea Counsel Co.

Chelsea Counsel Co. lowered its position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,878 shares of the basic materials company’s stock after selling 300 shares during the quarter. Chelsea Counsel Co.’s holdings in Franco-Nevada were worth $308,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. CX Institutional acquired a new position in shares of Franco-Nevada during the 1st quarter worth about $30,000. Cullen Frost Bankers Inc. acquired a new position in shares of Franco-Nevada during the 1st quarter worth about $32,000. Hexagon Capital Partners LLC lifted its position in shares of Franco-Nevada by 494.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Franco-Nevada by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 115 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Franco-Nevada during the 2nd quarter worth about $57,000. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

FNV has been the subject of several research analyst reports. Wall Street Zen raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. HC Wainwright upped their price target on Franco-Nevada from $195.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. UBS Group upped their price target on Franco-Nevada from $210.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 19th. National Bankshares reaffirmed a “sector perform” rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada upped their price target on Franco-Nevada from $160.00 to $190.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.57.

Franco-Nevada Price Performance

FNV stock opened at $222.96 on Wednesday. The business has a fifty day moving average price of $186.64 and a 200 day moving average price of $171.26. Franco-Nevada Corporation has a fifty-two week low of $112.70 and a fifty-two week high of $223.15. The stock has a market capitalization of $42.97 billion, a price-to-earnings ratio of 54.78, a P/E/G ratio of 2.87 and a beta of 0.41.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The firm had revenue of $369.40 million during the quarter, compared to analysts’ expectations of $382.70 million. During the same period last year, the firm posted $0.75 EPS. The business’s revenue was up 42.0% on a year-over-year basis. On average, equities analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 11th. Franco-Nevada’s dividend payout ratio (DPR) is currently 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.