U S Global Investors Inc. Buys 6,774 Shares of Franco-Nevada Corporation $FNV

U S Global Investors Inc. lifted its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,311 shares of the basic materials company’s stock after acquiring an additional 6,774 shares during the quarter. Franco-Nevada comprises approximately 2.0% of U S Global Investors Inc.’s holdings, making the stock its 13th largest position. U S Global Investors Inc.’s holdings in Franco-Nevada were worth $18,512,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FNV. GAMMA Investing LLC boosted its stake in Franco-Nevada by 112.3% during the 4th 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 during the period. Burkett Financial Services LLC bought a new stake in Franco-Nevada during the 3rd quarter valued at approximately $28,000. Private Trust Co. NA bought a new stake in Franco-Nevada during the 4th quarter valued at approximately $29,000. Smartleaf Asset Management LLC boosted its stake in Franco-Nevada by 600.0% during the 2nd 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 during the period. Finally, Stephens Consulting LLC bought a new stake in Franco-Nevada during the 4th quarter valued at approximately $36,000. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Trading Down 1.4%

Shares of FNV stock opened at $243.99 on Friday. The stock has a 50 day moving average of $254.62 and a two-hundred day moving average of $228.45. Franco-Nevada Corporation has a 12 month low of $152.89 and a 12 month high of $285.67. The company has a market capitalization of $47.06 billion, a P/E ratio of 42.36, a P/E/G ratio of 2.63 and a beta of 0.47.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced 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. Franco-Nevada had a return on equity of 15.62% and a net margin of 61.01%.The company had revenue of $597.30 million during the quarter, compared to the consensus estimate of $542.02 million. During the same quarter last year, the company earned $0.95 EPS. The company’s quarterly revenue was up 86.1% on a year-over-year basis. Sell-side analysts predict that Franco-Nevada Corporation will post 7.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on FNV shares. Canaccord Genuity Group downgraded Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Franco-Nevada in a research note on Wednesday, February 4th. 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. HC Wainwright increased their target price on Franco-Nevada from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, UBS Group restated a “buy” rating and set a $310.00 target price on shares of Franco-Nevada in a research note on Friday, January 30th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average price target of $257.25.

Franco-Nevada Profile

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.