Intellectus Partners LLC Buys Shares of 1,537 Franco-Nevada Corporation $FNV

Intellectus Partners LLC bought a new stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,537 shares of the basic materials company’s stock, valued at approximately $252,000.

Other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Franco-Nevada during the 1st quarter valued at $32,000. Hexagon Capital Partners LLC raised its holdings 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 purchasing an additional 188 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Franco-Nevada during the 2nd quarter valued at $57,000. Kiker Wealth Management LLC raised its holdings in shares of Franco-Nevada by 20.5% during the 2nd quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 80 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Franco-Nevada by 22.7% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 513 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Price Performance

Shares of FNV opened at $188.03 on Tuesday. The company has a market capitalization of $36.25 billion, a PE ratio of 46.20, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42. Franco-Nevada Corporation has a one year low of $112.70 and a one year high of $225.63. The company’s fifty day moving average price is $201.74 and its 200 day moving average price is $179.28.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Monday, November 3rd. The basic materials company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The firm’s revenue was up 76.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Analysts anticipate that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, September 11th. Franco-Nevada’s dividend payout ratio (DPR) is 37.35%.

Wall Street Analysts Forecast Growth

FNV has been the topic of a number of recent research reports. CIBC restated an “outperform” rating on shares of Franco-Nevada in a report on Tuesday, July 15th. Scotiabank raised their price target on shares of Franco-Nevada from $184.00 to $225.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Bank of America raised their price target on shares of Franco-Nevada from $211.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. TD Securities raised their price target on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, August 12th. Finally, Zacks Research upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.14.

About Franco-Nevada

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.