Graham Capital Wealth Management LLC Buys 772 Shares of Franco-Nevada Co. (NYSE:FNV)

Graham Capital Wealth Management LLC increased its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.6% in the third quarter, HoldingsChannel reports. The fund owned 21,955 shares of the basic materials company’s stock after purchasing an additional 772 shares during the period. Franco-Nevada makes up about 2.8% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Graham Capital Wealth Management LLC’s holdings in Franco-Nevada were worth $2,728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tempus Wealth Planning LLC bought a new position in Franco-Nevada during the 1st quarter valued at approximately $472,000. Maryland State Retirement & Pension System raised its position in shares of Franco-Nevada by 52.6% in the 1st quarter. Maryland State Retirement & Pension System now owns 10,013 shares of the basic materials company’s stock worth $1,191,000 after acquiring an additional 3,452 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Franco-Nevada by 15.0% in the 1st quarter. Principal Financial Group Inc. now owns 68,263 shares of the basic materials company’s stock worth $8,142,000 after acquiring an additional 8,906 shares in the last quarter. Privium Fund Management B.V. raised its position in shares of Franco-Nevada by 16.6% in the 1st quarter. Privium Fund Management B.V. now owns 2,370 shares of the basic materials company’s stock worth $282,000 after acquiring an additional 337 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Franco-Nevada by 7.1% in the 1st quarter. Private Advisor Group LLC now owns 22,964 shares of the basic materials company’s stock worth $2,736,000 after acquiring an additional 1,518 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

FNV has been the subject of several research reports. Scotiabank increased their target price on Franco-Nevada from $141.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. TD Cowen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Jefferies Financial Group cut their price target on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, StockNews.com upgraded Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and an average target price of $152.75.

Franco-Nevada Trading Down 0.1 %

FNV traded down $0.18 during trading on Friday, hitting $135.62. 595,312 shares of the company’s stock traded hands, compared to its average volume of 663,472. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of -44.61, a PEG ratio of 22.67 and a beta of 0.76. Franco-Nevada Co. has a 12-month low of $102.29 and a 12-month high of $137.52. The company’s 50 day simple moving average is $124.91 and its two-hundred day simple moving average is $123.29.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The firm had revenue of $260.10 million during the quarter, compared to analysts’ expectations of $277.44 million. Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The business’s quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. On average, equities analysts expect that Franco-Nevada Co. will post 3.26 EPS for the current year.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.44 dividend on an annualized basis and a yield of 1.06%. Franco-Nevada’s dividend payout ratio is currently -47.37%.

Franco-Nevada Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.