Gilder Gagnon Howe & Co. LLC Purchases 320,656 Shares of Franco-Nevada Corporation $FNV

Gilder Gagnon Howe & Co. LLC boosted its position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 1,084.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 350,236 shares of the basic materials company’s stock after purchasing an additional 320,656 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.18% of Franco-Nevada worth $57,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new position in shares of Franco-Nevada during the 2nd quarter worth approximately $32,000. Golden State Wealth Management LLC increased its position 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 valued at $34,000 after acquiring an additional 90 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in 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 acquiring an additional 195 shares during the period. Opal Wealth Advisors LLC bought a new stake in Franco-Nevada during the second quarter worth $57,000. Finally, Kiker Wealth Management LLC boosted its position in Franco-Nevada by 20.5% in the second quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

FNV has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $228.00 target price on shares of Franco-Nevada in a research report on Sunday, December 7th. Bank of America increased their price target on shares of Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Wall Street Zen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, UBS Group raised their price target on shares of Franco-Nevada from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and a consensus price target of $232.75.

Franco-Nevada Stock Up 0.3%

FNV opened at $214.89 on Friday. The firm has a 50-day moving average price of $199.75 and a 200-day moving average price of $185.75. Franco-Nevada Corporation has a twelve month low of $114.81 and a twelve month high of $225.63. The company has a market capitalization of $41.43 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 1.65 and a beta of 0.46.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, November 3rd. The basic materials company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. Franco-Nevada had a net margin of 59.48% and a return on equity of 13.94%. The company had revenue of $487.70 million during the quarter, compared to the consensus estimate of $448.51 million. During the same period last year, the firm earned $0.80 EPS. Franco-Nevada’s revenue for the quarter was up 76.9% on a year-over-year basis. On average, sell-side analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, December 4th. Franco-Nevada’s payout ratio is presently 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.