Capital International Sarl Has $2.66 Million Stock Holdings in Franco-Nevada Corporation $FNV

Capital International Sarl trimmed its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 38.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,807 shares of the basic materials company’s stock after selling 7,910 shares during the quarter. Capital International Sarl’s holdings in Franco-Nevada were worth $2,658,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FNV. GAMMA Investing LLC boosted its stake in shares of Franco-Nevada by 112.3% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 64 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Franco-Nevada during the third quarter valued at about $28,000. Private Trust Co. NA acquired a new stake in shares of Franco-Nevada during the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Franco-Nevada by 600.0% during the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 168 shares in the last quarter. Finally, Navalign LLC acquired a new stake in shares of Franco-Nevada during the fourth quarter valued at about $34,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

Franco-Nevada stock opened at $218.43 on Monday. The stock’s 50 day moving average is $239.79 and its 200 day moving average is $235.55. The firm has a market cap of $42.13 billion, a P/E ratio of 30.76, a P/E/G ratio of 1.91 and a beta of 0.34. Franco-Nevada Corporation has a one year low of $152.89 and a one year high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.29. The company had revenue of $650.70 million for the quarter, compared to analyst estimates of $634.43 million. Franco-Nevada had a return on equity of 18.10% and a net margin of 65.12%.The firm’s quarterly revenue was up 76.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 earnings per share. Equities analysts anticipate that Franco-Nevada Corporation will post 8.85 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 11th. Franco-Nevada’s payout ratio is currently 24.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD raised Franco-Nevada from a “hold” rating to a “buy” rating and cut their price target for the company from $292.00 to $291.00 in a research note on Wednesday, May 20th. Zacks Research lowered Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. HC Wainwright reissued a “buy” rating and set a $305.00 price target on shares of Franco-Nevada in a research note on Wednesday, May 13th. Wall Street Zen lowered Franco-Nevada from a “buy” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $271.00.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.