XTX Topco Ltd Buys New Shares in Franco-Nevada Corporation $FNV

XTX Topco Ltd acquired a new position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,932 shares of the basic materials company’s stock, valued at approximately $1,464,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MTM Investment Management LLC bought a new stake in shares of Franco-Nevada during the 2nd quarter worth about $32,000. Golden State Wealth Management LLC increased its stake in shares of Franco-Nevada by 78.3% during the second 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 during the period. CENTRAL TRUST Co increased its stake in shares of Franco-Nevada by 590.9% during the second quarter. CENTRAL TRUST Co now owns 228 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 195 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Franco-Nevada during the 2nd quarter worth approximately $57,000. Finally, Kiker Wealth Management LLC boosted its stake in Franco-Nevada by 20.5% in the 2nd quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 80 shares during the period. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FNV shares. Raymond James Financial raised their price target 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. Zacks Research upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. TD Securities cut their price objective on shares of Franco-Nevada from $247.00 to $225.00 and set a “hold” rating for the company in a research report on Wednesday, November 5th. UBS Group raised their target price on shares of Franco-Nevada from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Wall Street Zen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $223.43.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $209.27 on Friday. The business has a 50-day simple moving average of $202.01 and a 200 day simple moving average of $182.73. Franco-Nevada Corporation has a one year low of $114.81 and a one year high of $225.63. The firm has a market capitalization of $40.34 billion, a price-to-earnings ratio of 51.42, a PEG ratio of 1.70 and a beta of 0.40.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Monday, November 3rd. The basic materials company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The firm had revenue of $487.70 million during the quarter, compared to analysts’ expectations of $448.51 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The company’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. On average, sell-side analysts expect that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid 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 is Thursday, December 4th. Franco-Nevada’s payout ratio is 31.87%.

Franco-Nevada 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.