Creative Financial Designs Inc. ADV Raises Stock Position in Franco-Nevada Corporation $FNV

Creative Financial Designs Inc. ADV boosted its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 34.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,034 shares of the basic materials company’s stock after purchasing an additional 521 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Franco-Nevada were worth $333,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FNV. Principal Financial Group Inc. grew its position in Franco-Nevada by 34.4% during the 1st quarter. Principal Financial Group Inc. now owns 10,710 shares of the basic materials company’s stock worth $1,684,000 after purchasing an additional 2,739 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Franco-Nevada during the 1st quarter worth approximately $265,000. Bank of New York Mellon Corp grew its position in Franco-Nevada by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 175,843 shares of the basic materials company’s stock worth $27,706,000 after purchasing an additional 4,838 shares during the last quarter. Hexagon Capital Partners LLC grew its position in 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. Finally, Envestnet Asset Management Inc. grew its position in Franco-Nevada by 36.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company’s stock worth $9,200,000 after purchasing an additional 15,483 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

FNV opened at $186.82 on Monday. The firm has a fifty day moving average price of $201.63 and a 200 day moving average price of $179.16. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $225.63. The stock has a market cap of $36.01 billion, a P/E ratio of 45.90, a P/E/G ratio of 1.70 and a beta of 0.42.

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

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, September 11th. Franco-Nevada’s payout ratio is currently 37.35%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FNV shares. Raymond James Financial boosted their target price on shares of Franco-Nevada from $218.00 to $234.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. HC Wainwright upped their price objective on shares of Franco-Nevada from $195.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. TD Securities upped their price objective on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, August 12th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Scotiabank upped their price objective on shares of Franco-Nevada from $184.00 to $225.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.14.

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.