Franco-Nevada Corporation $FNV Shares Purchased by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. increased its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 26.6% during the second quarter, Holdings Channel reports. The fund owned 1,985 shares of the basic materials company’s stock after acquiring an additional 417 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Franco-Nevada were worth $323,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FNV. CX Institutional purchased a new stake in shares of Franco-Nevada during the 1st quarter valued at $30,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Franco-Nevada during the 1st quarter valued at $32,000. Golden State Wealth Management LLC grew its stake in shares of Franco-Nevada by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company’s stock valued at $36,000 after buying an additional 115 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Franco-Nevada by 494.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company’s stock valued at $36,000 after buying an additional 188 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada during the 2nd quarter valued at $57,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FNV shares. CIBC reissued an “outperform” rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. HC Wainwright boosted their price objective on shares of Franco-Nevada from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Scotiabank boosted their price objective on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 12th. UBS Group upped their price target on shares of Franco-Nevada from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Canaccord Genuity Group cut shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $196.86.

Franco-Nevada Price Performance

Shares of FNV stock opened at $211.81 on Tuesday. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $225.63. The firm has a market capitalization of $40.82 billion, a P/E ratio of 52.04, a P/E/G ratio of 2.67 and a beta of 0.42. The company’s fifty day moving average price is $196.17 and its two-hundred day moving average price is $175.13.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $369.40 million for the quarter, compared to analyst estimates of $382.70 million. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. On average, sell-side analysts anticipate that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, September 11th. Franco-Nevada’s dividend payout ratio is 37.35%.

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.