Assetmark Inc. Acquires 81,905 Shares of Franco Nevada Corp (NYSE:FNV)

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Assetmark Inc. boosted its stake in shares of Franco Nevada Corp (NYSE:FNV) (TSE:FNV) by 1,493.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,391 shares of the basic materials company’s stock after buying an additional 81,905 shares during the quarter. Assetmark Inc.’s holdings in Franco Nevada were worth $7,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of FNV. Advisory Services Network LLC lifted its holdings in shares of Franco Nevada by 20.6% in the first quarter. Advisory Services Network LLC now owns 879 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 150 shares in the last quarter. Riverhead Capital Management LLC increased its position in Franco Nevada by 24.2% during the second quarter. Riverhead Capital Management LLC now owns 1,025 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 200 shares during the last quarter. Signaturefd LLC increased its position in Franco Nevada by 46.5% during the first quarter. Signaturefd LLC now owns 1,408 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 447 shares during the last quarter. Tyers Asset Management LLC increased its position in Franco Nevada by 17.6% during the second quarter. Tyers Asset Management LLC now owns 1,392 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 208 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its position in Franco Nevada by 66.7% during the second quarter. Carroll Financial Associates Inc. now owns 1,422 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 569 shares during the last quarter. Institutional investors own 63.83% of the company’s stock.

Several equities analysts recently commented on the stock. ValuEngine lowered shares of Franco Nevada from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Raymond James increased their price objective on shares of Franco Nevada from $98.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Credit Suisse Group increased their price objective on shares of Franco Nevada from $84.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Deutsche Bank increased their price objective on shares of Franco Nevada from $81.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Finally, TheStreet raised shares of Franco Nevada from a “c+” rating to a “b-” rating in a report on Tuesday, June 18th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $98.65.

NYSE FNV traded down $3.44 during trading hours on Friday, reaching $92.58. 679,997 shares of the company traded hands, compared to its average volume of 604,799. The stock has a market capitalization of $17.94 billion, a PE ratio of 79.13, a PEG ratio of 15.13 and a beta of -0.03. The company has a 50 day moving average of $94.88 and a two-hundred day moving average of $84.01. Franco Nevada Corp has a 12 month low of $61.14 and a 12 month high of $101.19. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The firm had revenue of $170.50 million for the quarter, compared to the consensus estimate of $175.55 million. Franco Nevada had a net margin of 22.42% and a return on equity of 4.83%. Franco Nevada’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. On average, equities research analysts anticipate that Franco Nevada Corp will post 1.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.439 per share. This is a boost from Franco Nevada’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, September 11th. This represents a $1.76 annualized dividend and a yield of 1.90%. Franco Nevada’s dividend payout ratio (DPR) is presently 85.47%.

Franco Nevada Profile

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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Institutional Ownership by Quarter for Franco Nevada (NYSE:FNV)

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