Kiker Wealth Management LLC Acquires 80 Shares of Franco-Nevada Corporation $FNV

Kiker Wealth Management LLC grew its holdings in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 20.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 471 shares of the basic materials company’s stock after buying an additional 80 shares during the period. Kiker Wealth Management LLC’s holdings in Franco-Nevada were worth $77,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of Franco-Nevada by 1,583.3% in the 1st quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company’s stock worth $2,067,000 after purchasing an additional 12,350 shares in the last quarter. St. James Investment Company LLC lifted its holdings in shares of Franco-Nevada by 29.3% in the 1st quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company’s stock worth $34,661,000 after purchasing an additional 49,907 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Franco-Nevada by 36.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company’s stock worth $9,200,000 after purchasing an additional 15,483 shares in the last quarter. FORA Capital LLC lifted its holdings in shares of Franco-Nevada by 169.8% in the 1st quarter. FORA Capital LLC now owns 5,342 shares of the basic materials company’s stock worth $842,000 after purchasing an additional 3,362 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Franco-Nevada in the 1st quarter worth $265,000. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on FNV. HC Wainwright increased their target price on Franco-Nevada from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Wall Street Zen cut Franco-Nevada from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. UBS Group increased their price target on Franco-Nevada from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Weiss Ratings lowered Franco-Nevada from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial increased their price target on Franco-Nevada from $218.00 to $234.00 and gave the company an “outperform” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $196.86.

Franco-Nevada Trading Up 3.5%

NYSE FNV opened at $211.81 on Tuesday. The firm has a market capitalization of $40.82 billion, a P/E ratio of 52.04, a PEG ratio of 2.67 and a beta of 0.42. The business has a fifty day simple moving average of $196.17 and a 200 day simple moving average of $175.13. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $225.63.

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

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is currently 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.