Investors Buy High Volume of Franco-Nevada Corporation Put Options (FNV)

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) saw some unusual options trading on Friday. Stock traders bought 7,026 put options on the stock. This is an increase of Infinity compared to the typical daily volume of 0 put options.

Franco-Nevada Corporation (NYSE FNV) opened at $83.98 on Monday. The company has a market capitalization of $15,597.41, a PE ratio of 80.75, a P/E/G ratio of 19.84 and a beta of -0.14. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $85.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. The business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $167.07 million. Franco-Nevada Corporation had a return on equity of 4.31% and a net margin of 22.12%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. research analysts expect that Franco-Nevada Corporation will post 1.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.92 dividend on an annualized basis and a yield of 1.10%. Franco-Nevada Corporation’s dividend payout ratio (DPR) is 116.46%.

Several research analysts have commented on FNV shares. BidaskClub lowered Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Credit Suisse Group set a $78.00 price objective on Franco-Nevada Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Monday, July 24th. TD Securities raised their price objective on Franco-Nevada Corporation from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Scotiabank raised their price objective on Franco-Nevada Corporation from $78.00 to $79.50 and gave the company a “sector perform” rating in a research report on Thursday, August 10th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $85.80.

A number of large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in Franco-Nevada Corporation by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 3,642 shares of the basic materials company’s stock valued at $263,000 after acquiring an additional 30 shares during the period. Capstone Asset Management Co. boosted its stake in Franco-Nevada Corporation by 0.5% in the second quarter. Capstone Asset Management Co. now owns 23,100 shares of the basic materials company’s stock valued at $1,667,000 after acquiring an additional 120 shares during the period. Korea Investment CORP boosted its stake in Franco-Nevada Corporation by 1.9% in the second quarter. Korea Investment CORP now owns 11,234 shares of the basic materials company’s stock valued at $809,000 after acquiring an additional 212 shares during the period. Chase Investment Counsel Corp boosted its stake in Franco-Nevada Corporation by 7.5% in the second quarter. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 305 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in Franco-Nevada Corporation by 0.8% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 46,050 shares of the basic materials company’s stock valued at $3,324,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 59.46% of the company’s stock.

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About Franco-Nevada Corporation

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

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