Atria Wealth Solutions Inc. Has $2.93 Million Position in Franco-Nevada Corporation $FNV

Atria Wealth Solutions Inc. boosted its position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,890 shares of the basic materials company’s stock after purchasing an additional 1,565 shares during the period. Atria Wealth Solutions Inc.’s holdings in Franco-Nevada were worth $2,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CX Institutional acquired a new position in Franco-Nevada in the 1st quarter worth about $30,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Franco-Nevada in the first quarter valued at about $32,000. Hexagon Capital Partners LLC increased its stake in shares of Franco-Nevada by 494.7% in the first quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company’s stock valued at $36,000 after buying an additional 188 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Franco-Nevada by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company’s stock valued at $36,000 after buying an additional 115 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada in the second quarter valued at about $57,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $208.95 on Wednesday. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $225.63. The stock’s 50-day moving average is $196.93 and its 200 day moving average is $175.36. The firm has a market cap of $40.27 billion, a price-to-earnings ratio of 51.34, a PEG ratio of 2.77 and a beta of 0.42.

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

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued 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 was Thursday, September 11th. Franco-Nevada’s dividend payout ratio (DPR) is currently 37.35%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FNV. Zacks Research cut Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. TD Securities increased their price target on Franco-Nevada from $182.00 to $184.00 and gave the company a “hold” rating in a research note on Tuesday, August 12th. UBS Group increased their price target on Franco-Nevada from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Scotiabank increased their price target on Franco-Nevada from $182.00 to $184.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group lowered Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $196.86.

Franco-Nevada Company 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.