Franco-Nevada Corporation $FNV Stock: Kestra Advisory Services LLC Grows Holdings

Kestra Advisory Services LLC increased its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 8.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,408 shares of the basic materials company’s stock after acquiring an additional 2,252 shares during the quarter. Kestra Advisory Services LLC’s holdings in Franco-Nevada were worth $6,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Markel Group Inc. grew its holdings in shares of Franco-Nevada by 1.7% in the third quarter. Markel Group Inc. now owns 787,000 shares of the basic materials company’s stock valued at $187,393,000 after purchasing an additional 13,500 shares during the period. Integrity Advisory Solutions LLC purchased a new position in Franco-Nevada during the third quarter worth about $255,000. McAlvany Wealth Management LLC raised its stake in Franco-Nevada by 4.6% during the third quarter. McAlvany Wealth Management LLC now owns 23,502 shares of the basic materials company’s stock worth $5,596,000 after purchasing an additional 1,034 shares during the period. Vise Technologies Inc. raised its stake in Franco-Nevada by 12.7% during the third quarter. Vise Technologies Inc. now owns 3,950 shares of the basic materials company’s stock worth $941,000 after purchasing an additional 445 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in Franco-Nevada by 13.2% in the 3rd quarter. D.A. Davidson & CO. now owns 10,722 shares of the basic materials company’s stock valued at $2,553,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Price Performance

NYSE FNV opened at $248.41 on Thursday. The company has a market cap of $47.92 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.97 and a beta of 0.34. The stock has a 50-day moving average of $248.48 and a two-hundred day moving average of $240.07. Franco-Nevada Corporation has a 1-year low of $188.47 and a 1-year high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Wednesday, November 11th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.12. Franco-Nevada had a net margin of 63.79% and a return on equity of 18.58%. The firm had revenue of $549.30 million for the quarter, compared to the consensus estimate of $568.44 million. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts anticipate that Franco-Nevada Corporation will post 7.40 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Franco-Nevada from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Franco-Nevada from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Finally, Royal Bank Of Canada upped their price objective on Franco-Nevada from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $275.30.

About Franco-Nevada

Franco-Nevada is a Toronto-based company that provides financing to mining and energy businesses in exchange for royalties, streams and other interests in production. Rather than operating mines itself, it gives partners capital and receives a share of revenue or future output from their projects. The company’s portfolio is focused on gold and other precious metals, and also includes interests in other minerals and energy assets, including oil and gas. Its projects and counterparties span multiple regions, including North and South America, Africa, Australia and Europe.