5,123 Shares in Franco-Nevada Corporation $FNV Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG bought a new stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,123 shares of the basic materials company’s stock, valued at approximately $1,062,000.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Franco-Nevada by 112.3% in the 4th quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 64 shares during the period. Burkett Financial Services LLC purchased a new stake in Franco-Nevada during the third quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its position in shares of Franco-Nevada by 600.0% in the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 168 shares in the last quarter. Stephens Consulting LLC purchased a new position in shares of Franco-Nevada in the 4th quarter valued at $36,000. Finally, City Holding Co. purchased a new position in shares of Franco-Nevada in the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Trading Up 3.4%

FNV opened at $255.48 on Thursday. The company has a fifty day simple moving average of $251.76 and a 200 day simple moving average of $223.64. The firm has a market cap of $49.26 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 2.64 and a beta of 0.47. Franco-Nevada Corporation has a twelve month low of $140.03 and a twelve month high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Tuesday, March 10th. The basic materials company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.18. The firm had revenue of $597.30 million for the quarter, compared to analyst estimates of $542.02 million. Franco-Nevada had a net margin of 61.01% and a return on equity of 15.62%. The firm’s revenue was up 86.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. On average, analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, March 12th. Franco-Nevada’s payout ratio is presently 30.56%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Franco-Nevada in a research report on Wednesday, February 4th. Canaccord Genuity Group lowered Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. HC Wainwright boosted their price objective on Franco-Nevada from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Zacks Research raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Scotiabank increased their target price on Franco-Nevada from $283.00 to $286.00 and gave the company a “sector perform” rating in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $257.25.

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.