Sprott Inc. boosted its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,941 shares of the basic materials company’s stock after buying an additional 2,992 shares during the period. Sprott Inc. owned approximately 0.07% of Franco-Nevada Corporation worth $8,655,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FNV. Wells Fargo & Company MN raised its position in shares of Franco-Nevada Corporation by 7.1% in the first quarter. Wells Fargo & Company MN now owns 40,245 shares of the basic materials company’s stock valued at $2,636,000 after buying an additional 2,652 shares during the period. CGOV Asset Management raised its position in shares of Franco-Nevada Corporation by 4.0% in the first quarter. CGOV Asset Management now owns 41,400 shares of the basic materials company’s stock valued at $3,613,000 after buying an additional 1,600 shares during the period. AQR Capital Management LLC raised its position in shares of Franco-Nevada Corporation by 1.5% in the first quarter. AQR Capital Management LLC now owns 504,685 shares of the basic materials company’s stock valued at $32,968,000 after buying an additional 7,472 shares during the period. State of Wisconsin Investment Board raised its position in shares of Franco-Nevada Corporation by 7.8% in the first quarter. State of Wisconsin Investment Board now owns 148,698 shares of the basic materials company’s stock valued at $9,714,000 after buying an additional 10,739 shares during the period. Finally, Korea Investment CORP bought a new position in shares of Franco-Nevada Corporation during the first quarter valued at $720,000. 63.12% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Corporation (NYSE FNV) opened at 73.15 on Monday. Franco-Nevada Corporation has a 52-week low of $53.31 and a 52-week high of $81.16. The company has a 50-day moving average of $72.25 and a 200-day moving average of $68.66. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 96.12 and a beta of -0.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its earnings results on Tuesday, May 9th. The basic materials company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $172.70 million during the quarter, compared to the consensus estimate of $158.75 million. Franco-Nevada Corporation had a return on equity of 4.35% and a net margin of 21.17%. During the same quarter last year, the company earned $0.17 EPS. Equities research analysts expect that Franco-Nevada Corporation will post $0.97 EPS for the current year.

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Several research firms have recently commented on FNV. Barclays PLC reissued an “equal weight” rating and issued a $74.00 price objective (up previously from $68.00) on shares of Franco-Nevada Corporation in a research note on Tuesday, June 6th. Deutsche Bank AG reissued a “hold” rating and issued a $64.00 price objective (down previously from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Finally, Credit Suisse Group set a $78.00 target price on shares of Franco-Nevada Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $77.86.

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.

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

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