Beddow Capital Management Inc. Has $6.77 Million Holdings in Franco-Nevada Co. (NYSE:FNV)

Beddow Capital Management Inc. increased its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,092 shares of the basic materials company’s stock after buying an additional 193 shares during the period. Franco-Nevada accounts for approximately 3.0% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 15th biggest position. Beddow Capital Management Inc.’s holdings in Franco-Nevada were worth $6,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FNV. Mechanics Financial Corp boosted its position in Franco-Nevada by 150.0% during the second quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 150 shares during the period. Mather Group LLC. bought a new position in Franco-Nevada during the second quarter worth $33,000. Kings Path Partners LLC bought a new stake in shares of Franco-Nevada in the second quarter valued at about $36,000. Fortis Group Advisors LLC boosted its position in shares of Franco-Nevada by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 176 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Franco-Nevada by 37.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 440 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 119 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FNV shares. TD Cowen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. StockNews.com raised Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Bank of America boosted their target price on Franco-Nevada from $141.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, HC Wainwright reissued a “buy” rating and set a $185.00 target price on shares of Franco-Nevada in a research note on Friday, August 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.75.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at $128.36 on Friday. The stock has a market capitalization of $24.70 billion, a price-to-earnings ratio of -51.55, a PEG ratio of 20.59 and a beta of 0.76. Franco-Nevada Co. has a 52-week low of $102.29 and a 52-week high of $143.02. The stock’s 50 day moving average price is $123.49 and its two-hundred day moving average price is $121.44.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The business had revenue of $260.10 million for the quarter, compared to the consensus estimate of $277.44 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. Franco-Nevada’s quarterly revenue was down 21.2% on a year-over-year basis. On average, equities research analysts forecast that Franco-Nevada Co. will post 3.2 EPS for the current year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 12th. Franco-Nevada’s payout ratio is currently -57.83%.

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.