Chevy Chase Trust Holdings Inc. boosted its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,390 shares of the basic materials company’s stock after buying an additional 50 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Franco-Nevada Corporation were worth $1,471,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FNV. Bank of Montreal Can raised its stake in shares of Franco-Nevada Corporation by 15.7% in the first quarter. Bank of Montreal Can now owns 6,857,037 shares of the basic materials company’s stock worth $449,204,000 after buying an additional 931,206 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Franco-Nevada Corporation by 6.6% in the first quarter. Van ECK Associates Corp now owns 10,773,637 shares of the basic materials company’s stock worth $705,781,000 after buying an additional 666,196 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Franco-Nevada Corporation by 4.9% in the first quarter. Vanguard Group Inc. now owns 4,076,074 shares of the basic materials company’s stock worth $267,023,000 after buying an additional 189,705 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Franco-Nevada Corporation by 15.2% in the first quarter. Great West Life Assurance Co. Can now owns 1,389,027 shares of the basic materials company’s stock worth $90,859,000 after buying an additional 183,038 shares in the last quarter. Finally, Addenda Capital Inc. raised its stake in shares of Franco-Nevada Corporation by 94.5% in the first quarter. Addenda Capital Inc. now owns 339,245 shares of the basic materials company’s stock worth $22,157,000 after buying an additional 164,785 shares in the last quarter. Hedge funds and other institutional investors own 63.41% of the company’s stock.

Shares of Franco-Nevada Corporation (NYSE:FNV) traded down 0.71% on Friday, hitting $78.03. The stock had a trading volume of 534,988 shares. The firm’s 50-day moving average is $73.46 and its 200-day moving average is $69.71. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 98.40 and a beta of -0.03. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $79.67.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its earnings results on Tuesday, August 8th. The basic materials company reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $163.60 million for the quarter, compared to the consensus estimate of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. Franco-Nevada Corporation’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. On average, analysts expect that Franco-Nevada Corporation will post $0.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.92 dividend on an annualized basis and a yield of 1.18%. Franco-Nevada Corporation’s payout ratio is 119.48%.

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FNV has been the topic of several recent research reports. Zacks Investment Research upgraded 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. Deutsche Bank AG restated a “hold” rating and issued a $64.00 price objective (down previously from $65.00) on shares of Franco-Nevada Corporation in a research report on Sunday, June 25th. ValuEngine upgraded Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group set a $80.00 price objective on Franco-Nevada Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Franco-Nevada Corporation currently has a consensus rating of “Buy” and an average price target of $78.89.

Franco-Nevada Corporation Company Profile

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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