Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Franco Nevada Corp (NYSE:FNV) (TSE:FNV) by 17.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,007 shares of the basic materials company’s stock after buying an additional 1,900 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Franco Nevada were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Franco Nevada by 7.5% in the second quarter. FMR LLC now owns 14,804,189 shares of the basic materials company’s stock valued at $1,068,190,000 after purchasing an additional 1,028,578 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Franco Nevada by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock valued at $304,643,000 after purchasing an additional 145,698 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Franco Nevada by 30.0% in the second quarter. Franklin Resources Inc. now owns 2,800,453 shares of the basic materials company’s stock valued at $202,127,000 after purchasing an additional 646,929 shares in the last quarter. CIBC World Markets Inc. lifted its holdings in shares of Franco Nevada by 3.7% in the second quarter. CIBC World Markets Inc. now owns 2,565,447 shares of the basic materials company’s stock valued at $185,123,000 after purchasing an additional 90,845 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Franco Nevada by 6.1% in the third quarter. CIBC Asset Management Inc now owns 2,087,452 shares of the basic materials company’s stock valued at $161,281,000 after purchasing an additional 120,925 shares in the last quarter. Institutional investors own 61.48% of the company’s stock.

Shares of Franco Nevada Corp (FNV) traded up $0.06 on Wednesday, hitting $78.66. 923,800 shares of the company traded hands, compared to its average volume of 625,509. The stock has a market capitalization of $14,598.20, a P/E ratio of 75.58, a price-to-earnings-growth ratio of 18.54 and a beta of -0.14. Franco Nevada Corp has a fifty-two week low of $53.31 and a fifty-two week high of $86.06.

Franco Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $171.50 million for the quarter, compared to the consensus estimate of $167.07 million. Franco Nevada had a net margin of 22.12% and a return on equity of 4.31%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. analysts forecast that Franco Nevada Corp will post 1.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, December 6th. Franco Nevada’s payout ratio is 116.46%.

FNV has been the topic of several recent research reports. Scotiabank upped their price target on shares of Franco Nevada from $79.50 to $82.00 and gave the company a “sector perform” rating in a report on Friday, September 8th. TD Securities set a $92.00 price target on shares of Franco Nevada and gave the company a “buy” rating in a report on Thursday, October 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $121.00 price target on shares of Franco Nevada in a report on Tuesday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Franco Nevada in a report on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Franco Nevada from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Thursday, November 9th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $85.70.

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About Franco Nevada

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

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