Creative Planning Has $1.55 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Creative Planning increased its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,456 shares of the basic materials company’s stock after buying an additional 409 shares during the period. Creative Planning’s holdings in Franco-Nevada were worth $1,548,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FNV. Annex Advisory Services LLC boosted its holdings in shares of Franco-Nevada by 9.0% during the third quarter. Annex Advisory Services LLC now owns 127,857 shares of the basic materials company’s stock worth $15,886,000 after acquiring an additional 10,544 shares during the period. Covea Finance acquired a new stake in Franco-Nevada during the 3rd quarter worth approximately $12,256,000. Sanders Morris Harris LLC acquired a new stake in Franco-Nevada during the 3rd quarter worth approximately $200,000. Quent Capital LLC boosted its stake in Franco-Nevada by 155.7% in the 3rd quarter. Quent Capital LLC now owns 2,038 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 1,241 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Franco-Nevada by 59.3% in the 3rd quarter. SG Americas Securities LLC now owns 35,475 shares of the basic materials company’s stock valued at $4,408,000 after buying an additional 13,206 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Scotiabank boosted their price objective on shares of Franco-Nevada from $141.00 to $142.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. HC Wainwright reaffirmed a “buy” rating and set a $185.00 target price on shares of Franco-Nevada in a report on Friday, August 16th. Jefferies Financial Group dropped their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, TD Cowen raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $152.75.

Franco-Nevada Price Performance

Shares of FNV opened at $137.22 on Wednesday. The firm has a 50 day simple moving average of $125.41 and a two-hundred day simple moving average of $123.54. The company has a market cap of $26.40 billion, a P/E ratio of -55.11, a P/E/G ratio of 22.67 and a beta of 0.76. Franco-Nevada Co. has a one year low of $102.29 and a one year high of $137.60.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The business had revenue of $260.10 million for the quarter, compared to analyst estimates of $277.44 million. Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. Franco-Nevada’s quarterly revenue was down 21.2% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. On average, analysts expect that Franco-Nevada Co. will post 3.26 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.36 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. Franco-Nevada’s payout ratio is currently -57.83%.

Franco-Nevada Company 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.