Intellus Advisors LLC Has $14.61 Million Stock Holdings in Franco-Nevada Corporation $FNV

Intellus Advisors LLC cut its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,495 shares of the basic materials company’s stock after selling 22,222 shares during the quarter. Franco-Nevada makes up 1.9% of Intellus Advisors LLC’s portfolio, making the stock its 21st biggest holding. Intellus Advisors LLC’s holdings in Franco-Nevada were worth $14,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC increased its stake in shares of Franco-Nevada by 8.0% in the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the basic materials company’s stock worth $198,000 after acquiring an additional 71 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Franco-Nevada in the fourth quarter worth $81,000. ABN Amro Investment Solutions acquired a new position in shares of Franco-Nevada in the fourth quarter worth $1,484,000. Rathbones Group PLC increased its stake in shares of Franco-Nevada by 107.0% in the fourth quarter. Rathbones Group PLC now owns 2,871 shares of the basic materials company’s stock worth $596,000 after acquiring an additional 1,484 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Franco-Nevada by 66.3% in the fourth quarter. IFP Advisors Inc now owns 98,016 shares of the basic materials company’s stock worth $20,317,000 after acquiring an additional 39,067 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, April 29th. UBS Group reaffirmed a “buy” rating and issued a $310.00 price target on shares of Franco-Nevada in a research note on Friday, January 30th. Zacks Research downgraded shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating and cut their target price for the company from $292.00 to $291.00 in a report on Wednesday. Finally, Wall Street Zen lowered Franco-Nevada from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $271.00.

Franco-Nevada Price Performance

NYSE FNV opened at $225.75 on Friday. Franco-Nevada Corporation has a fifty-two week low of $152.89 and a fifty-two week high of $285.67. The stock’s 50-day moving average is $243.12 and its two-hundred day moving average is $232.80. The firm has a market cap of $43.54 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 1.94 and a beta of 0.34.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.29. Franco-Nevada had a return on equity of 18.10% and a net margin of 65.12%.The company had revenue of $650.70 million for the quarter, compared to analyst estimates of $634.43 million. During the same period last year, the company earned $1.07 earnings per share. The business’s revenue was up 76.6% compared to the same quarter last year. On average, equities analysts expect that Franco-Nevada Corporation will post 8.84 EPS for the current year.

Franco-Nevada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 11th. Franco-Nevada’s dividend payout ratio (DPR) is currently 24.79%.

Franco-Nevada Company 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.