Hamilton Capital LLC Purchases Shares of 3,107 Franco-Nevada Corporation $FNV

Hamilton Capital LLC purchased a new position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,107 shares of the basic materials company’s stock, valued at approximately $648,000.

A number of other large investors have also modified their holdings of FNV. Transamerica Financial Advisors LLC purchased a new stake in Franco-Nevada during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its holdings in shares of Franco-Nevada by 600.0% in the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock worth $32,000 after buying an additional 168 shares during the last quarter. Navalign LLC purchased a new position in shares of Franco-Nevada in the fourth quarter worth $34,000. Global Retirement Partners LLC acquired a new stake in shares of Franco-Nevada during the second quarter worth $35,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Franco-Nevada during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $305.00 target price on shares of Franco-Nevada in a research report on Wednesday, May 13th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating and set a $291.00 price target for the company in a research report on Wednesday, May 20th. Jefferies Financial Group dropped their price target on Franco-Nevada from $258.00 to $245.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. Zacks Research raised Franco-Nevada from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, UBS Group cut their price objective on Franco-Nevada from $310.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $273.40.

Franco-Nevada Trading Up 1.7%

Shares of NYSE FNV opened at $271.94 on Friday. The company has a 50 day simple moving average of $223.21 and a two-hundred day simple moving average of $236.10. The stock has a market cap of $52.45 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.47 and a beta of 0.35. Franco-Nevada Corporation has a 12 month low of $181.50 and a 12 month high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%.The business had revenue of $580.90 million during the quarter, compared to analyst estimates of $616.66 million. During the same quarter in the previous year, the company earned $1.24 EPS. The firm’s revenue was up 57.3% compared to the same quarter last year. Analysts forecast that Franco-Nevada Corporation will post 7.54 EPS for the current year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, September 10th. Franco-Nevada’s dividend payout ratio is presently 23.01%.

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.