SG Americas Securities LLC increased its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 686.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,955 shares of the basic materials company’s stock after buying an additional 42,727 shares during the period. SG Americas Securities LLC’s holdings in Franco-Nevada Corporation were worth $3,533,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp increased 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 during the period. CIBC Asset Management Inc increased its stake in shares of Franco-Nevada Corporation by 34.8% in the second quarter. CIBC Asset Management Inc now owns 1,966,527 shares of the basic materials company’s stock worth $141,730,000 after buying an additional 507,518 shares during the period. Barometer Capital Management Inc. increased its stake in shares of Franco-Nevada Corporation by 4,017.1% in the second quarter. Barometer Capital Management Inc. now owns 288,200 shares of the basic materials company’s stock worth $20,797,000 after buying an additional 281,200 shares during the period. TD Asset Management Inc. increased its stake in shares of Franco-Nevada Corporation by 6.0% in the second quarter. TD Asset Management Inc. now owns 3,432,041 shares of the basic materials company’s stock worth $247,287,000 after buying an additional 194,998 shares during the period. Finally, Vanguard Group Inc. increased 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 during the period. Hedge funds and other institutional investors own 63.41% of the company’s stock.

Shares of Franco-Nevada Corporation (NYSE FNV) opened at 78.03 on Monday. The company has a 50 day moving average price of $73.46 and a 200 day moving average price of $69.71. The company has a market capitalization of $14.47 billion, a PE ratio of 98.40 and a beta of -0.03. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $79.67.

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

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

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A number of brokerages recently issued reports on FNV. Barclays PLC reiterated 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 report on Tuesday, June 6th. TD Securities increased their price objective on Franco-Nevada Corporation from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Scotiabank increased their price objective on Franco-Nevada Corporation from $78.00 to $79.50 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th. Deutsche Bank AG reiterated 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. Finally, ValuEngine raised Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus 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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