Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Franco-Nevada Corp. (NYSE:FNV) by 7.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 586,902 shares of the company’s stock after buying an additional 43,087 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.33% of Franco-Nevada Corp. worth $44,423,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its position in Franco-Nevada Corp. by 2.9% in the second quarter. Creative Planning now owns 6,432 shares of the company’s stock worth $489,000 after buying an additional 179 shares during the last quarter. Hartford Investment Management Co. boosted its position in Franco-Nevada Corp. by 5.7% in the second quarter. Hartford Investment Management Co. now owns 3,742 shares of the company’s stock worth $283,000 after buying an additional 202 shares during the last quarter. British Columbia Investment Management Corp boosted its position in Franco-Nevada Corp. by 2.3% in the second quarter. British Columbia Investment Management Corp now owns 27,100 shares of the company’s stock worth $1,587,000 after buying an additional 600 shares during the last quarter. K.J. Harrison & Partners Inc boosted its position in Franco-Nevada Corp. by 16.3% in the second quarter. K.J. Harrison & Partners Inc now owns 5,000 shares of the company’s stock worth $378,000 after buying an additional 700 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in Franco-Nevada Corp. by 2.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 27,620 shares of the company’s stock worth $2,101,000 after buying an additional 787 shares during the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Franco-Nevada Corp. (NYSE:FNV) traded up 2.12% during trading on Monday, reaching $64.67. 377,687 shares of the company’s stock traded hands. Franco-Nevada Corp. has a 1-year low of $41.47 and a 1-year high of $81.16. The stock has a market capitalization of $11.52 billion, a PE ratio of 191.33 and a beta of 0.18. The company has a 50 day moving average price of $69.77 and a 200 day moving average price of $70.59.

Franco-Nevada Corp. (NYSE:FNV) last released its quarterly earnings data on Monday, August 8th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $150.90 million for the quarter, compared to analyst estimates of $149.36 million. Franco-Nevada Corp. had a return on equity of 3.02% and a net margin of 11.05%. The company’s revenue was up 37.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, equities analysts forecast that Franco-Nevada Corp. will post $0.90 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, September 13th. Franco-Nevada Corp.’s dividend payout ratio is currently 275.00%.

A number of research analysts have commented on the stock. National Bank Financial cut shares of Franco-Nevada Corp. from an “outperform” rating to a “sector perform” rating and set a $95.00 target price on the stock. in a research report on Thursday. Vetr cut shares of Franco-Nevada Corp. from a “buy” rating to a “hold” rating and set a $65.43 target price on the stock. in a research report on Monday, October 10th. Zacks Investment Research cut shares of Franco-Nevada Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 10th. TheStreet lowered shares of Franco-Nevada Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Finally, Citigroup Inc. upgraded shares of Franco-Nevada Corp. to a “hold” rating and cut their price target for the stock from $74.00 to $62.00 in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. Franco-Nevada Corp. presently has a consensus rating of “Hold” and a consensus target price of $70.96.

Franco-Nevada Corp. Company Profile

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

5 Day Chart for NYSE:FNV

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