Swiss Life Asset Management Ltd Has $4.64 Million Stock Position in Franco-Nevada Corporation $FNV

Swiss Life Asset Management Ltd raised its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 32.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,292 shares of the basic materials company’s stock after acquiring an additional 5,499 shares during the period. Swiss Life Asset Management Ltd’s holdings in Franco-Nevada were worth $4,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFG Investments LLC increased its position in shares of Franco-Nevada by 0.6% during the fourth quarter. PFG Investments LLC now owns 7,159 shares of the basic materials company’s stock worth $1,484,000 after acquiring an additional 46 shares in the last quarter. Composition Wealth LLC lifted its position in Franco-Nevada by 0.8% in the 4th quarter. Composition Wealth LLC now owns 6,108 shares of the basic materials company’s stock valued at $1,266,000 after acquiring an additional 49 shares in the last quarter. Clark Capital Management Group Inc. lifted its position in Franco-Nevada by 1.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 5,054 shares of the basic materials company’s stock valued at $1,048,000 after acquiring an additional 50 shares in the last quarter. Syon Capital LLC boosted its stake in Franco-Nevada by 2.1% in the 4th quarter. Syon Capital LLC now owns 2,443 shares of the basic materials company’s stock worth $506,000 after purchasing an additional 51 shares during the period. Finally, Guardian Partners Inc. boosted its stake in Franco-Nevada by 3.2% in the 4th quarter. Guardian Partners Inc. now owns 1,692 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

FNV has been the topic of several recent research reports. Royal Bank Of Canada dropped their price target on Franco-Nevada from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. HC Wainwright reiterated a “buy” rating and set a $305.00 price objective on shares of Franco-Nevada in a report on Wednesday, May 13th. Scotiabank dropped their target price on Franco-Nevada from $290.00 to $274.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Jefferies Financial Group dropped their target price on Franco-Nevada from $258.00 to $245.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, April 29th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $273.40.

Franco-Nevada Trading Down 1.7%

Franco-Nevada stock opened at $231.82 on Friday. The company has a market cap of $44.71 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.99 and a beta of 0.35. Franco-Nevada Corporation has a 1-year low of $173.39 and a 1-year high of $285.67. The company has a fifty day simple moving average of $215.37 and a 200 day simple moving average of $235.32.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.14). Franco-Nevada had a net margin of 63.79% and a return on equity of 18.98%. The business had revenue of $580.90 million during the quarter, compared to analyst estimates of $616.66 million. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The firm’s quarterly revenue was up 57.3% on a year-over-year basis. On average, equities research analysts forecast that Franco-Nevada Corporation will post 8.23 EPS for the current year.

Franco-Nevada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.44 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. Franco-Nevada’s dividend payout ratio (DPR) is presently 23.01%.

Trending Headlines about Franco-Nevada

Here are the key news stories impacting Franco-Nevada this week:

• Positive Sentiment: Second-quarter revenue increased 57.3% year over year to approximately $580.9 million, supported by higher precious-metals and oil prices. Gold’s continued rally could further benefit Franco-Nevada’s royalty and streaming portfolio. Franco-Nevada Q2 Earnings Miss Estimates, Revenues Soar 57% Y/Y
• Positive Sentiment: MarketBeat noted that rising gold prices, analyst price targets and technical indicators point to potential additional upside for FNV despite the quarterly miss. Franco-Nevada Earnings: Gold Is Rallying, But Does the Stock Even Care?
• Positive Sentiment: Franco-Nevada declared a quarterly dividend of $0.44 per share, payable September 24 to shareholders of record September 10. The dividend provides continued income support, although the indicated yield is approximately 0.7%.
• Neutral Sentiment: Zacks Research upgraded Franco-Nevada’s rating from “strong sell” to “hold,” indicating a less negative view but not an outright bullish recommendation. Zacks.com
• Negative Sentiment: Second-quarter adjusted earnings per share came in at $1.81, below the $1.95 consensus estimate, while revenue also missed expectations of approximately $616.7 million. Contracting margins added to investor concerns despite the sharp year-over-year growth. Franco-Nevada Q2 Earnings Miss Estimates, Revenues Soar 57% Y/Y

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.