Franco-Nevada Corporation $FNV Shares Sold by Profund Advisors LLC

Profund Advisors LLC trimmed its holdings in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,802 shares of the basic materials company’s stock after selling 3,971 shares during the period. Profund Advisors LLC’s holdings in Franco-Nevada were worth $4,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. PFG Investments LLC lifted its stake in Franco-Nevada by 0.6% during the 4th quarter. PFG Investments LLC now owns 7,159 shares of the basic materials company’s stock valued at $1,484,000 after acquiring an additional 46 shares during the period. Composition Wealth LLC increased its holdings in Franco-Nevada by 0.8% in the 4th quarter. Composition Wealth LLC now owns 6,108 shares of the basic materials company’s stock worth $1,266,000 after acquiring an additional 49 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Franco-Nevada by 27.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 250 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 54 shares in the last quarter. Lafayette Investments Inc. increased its holdings in Franco-Nevada by 2.4% in the 3rd quarter. Lafayette Investments Inc. now owns 2,515 shares of the basic materials company’s stock worth $561,000 after acquiring an additional 60 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Franco-Nevada by 112.3% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock worth $25,000 after buying an additional 64 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating in a report on Saturday. HC Wainwright reaffirmed a “buy” rating and issued a $305.00 target price on shares of Franco-Nevada in a research report on Wednesday, May 13th. National Bank Financial raised shares of Franco-Nevada from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 13th. UBS Group reiterated a “buy” rating and set a $310.00 price target on shares of Franco-Nevada in a research note on Friday, January 30th. Finally, Weiss Ratings upgraded shares of Franco-Nevada from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 20th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.75.

Franco-Nevada Trading Down 1.3%

FNV stock opened at $222.56 on Wednesday. The business has a 50 day simple moving average of $244.61 and a 200-day simple moving average of $232.27. Franco-Nevada Corporation has a twelve month low of $152.89 and a twelve month high of $285.67. The company has a market capitalization of $42.92 billion, a P/E ratio of 31.35, a PEG ratio of 1.95 and a beta of 0.34.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.29. Franco-Nevada had a return on equity of 18.10% and a net margin of 65.12%.The firm had revenue of $650.70 million during the quarter, compared to the consensus estimate of $634.43 million. During the same period last year, the company earned $1.07 earnings per share. The company’s revenue for the quarter was up 76.6% on a year-over-year basis. Research analysts predict that Franco-Nevada Corporation will post 8.84 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. Franco-Nevada’s dividend payout ratio (DPR) is currently 24.79%.

Franco-Nevada Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.