Oxbow Advisors LLC Has $1.94 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Oxbow Advisors LLC raised its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,352 shares of the basic materials company’s stock after acquiring an additional 228 shares during the period. Oxbow Advisors LLC’s holdings in Franco-Nevada were worth $1,938,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FNV. Meixler Investment Management Ltd. increased its position in shares of Franco-Nevada by 0.5% during the second quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock valued at $2,543,000 after purchasing an additional 101 shares during the period. Natixis Advisors LLC increased its holdings in Franco-Nevada by 0.5% in the 2nd quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company’s stock valued at $2,272,000 after buying an additional 101 shares during the period. Hillsdale Investment Management Inc. raised its stake in shares of Franco-Nevada by 33.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock valued at $52,000 after buying an additional 110 shares in the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of Franco-Nevada by 6.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,722 shares of the basic materials company’s stock worth $205,000 after acquiring an additional 111 shares during the period. Finally, Primoris Wealth Advisors LLC boosted its position in shares of Franco-Nevada by 4.7% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FNV. StockNews.com raised shares of Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Bank of America boosted their target price on shares of Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Jefferies Financial Group upped their target price on shares of Franco-Nevada from $129.00 to $133.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Finally, HC Wainwright reissued a “buy” rating and set a $185.00 price target on shares of Franco-Nevada in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.75.

Franco-Nevada Stock Performance

FNV traded down $1.58 during midday trading on Friday, hitting $117.88. The company had a trading volume of 482,398 shares, compared to its average volume of 650,226. Franco-Nevada Co. has a twelve month low of $102.29 and a twelve month high of $145.82. The firm’s 50-day simple moving average is $123.34 and its 200-day simple moving average is $120.23. The company has a market capitalization of $22.68 billion, a PE ratio of -47.34, a P/E/G ratio of 20.73 and a beta of 0.76.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $260.10 million during the quarter, compared to analyst estimates of $277.44 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The business’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. As a group, sell-side analysts anticipate that Franco-Nevada Co. will post 3.2 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, September 12th. Franco-Nevada’s dividend payout ratio is -57.83%.

About Franco-Nevada

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.