Connor Clark & Lunn Investment Management Ltd. Cuts Position in Franco-Nevada Corporation $FNV

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 46.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 810,364 shares of the basic materials company’s stock after selling 700,356 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.42% of Franco-Nevada worth $180,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FNV. TD Waterhouse Canada Inc. raised its position in shares of Franco-Nevada by 8.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 275,747 shares of the basic materials company’s stock worth $59,623,000 after purchasing an additional 20,664 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Franco-Nevada by 4.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 114,465 shares of the basic materials company’s stock valued at $25,515,000 after buying an additional 4,900 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Franco-Nevada by 210.4% during the 2nd quarter. Osaic Holdings Inc. now owns 18,235 shares of the basic materials company’s stock valued at $2,989,000 after buying an additional 12,360 shares during the last quarter. Gruss & Co. LLC purchased a new position in Franco-Nevada during the third quarter worth $557,000. Finally, Altfest L J & Co. Inc. increased its position in Franco-Nevada by 189.2% during the third quarter. Altfest L J & Co. Inc. now owns 7,556 shares of the basic materials company’s stock worth $1,684,000 after buying an additional 4,943 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on FNV shares. Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Weiss Ratings cut Franco-Nevada from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. Royal Bank Of Canada raised shares of Franco-Nevada from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $225.00 to $250.00 in a research note on Wednesday, December 10th. Scotiabank upped their target price on shares of Franco-Nevada from $225.00 to $283.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, HC Wainwright raised their price target on shares of Franco-Nevada from $210.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada has an average rating of “Moderate Buy” and a consensus target price of $254.38.

Franco-Nevada Stock Up 1.1%

Shares of Franco-Nevada stock opened at $265.45 on Thursday. Franco-Nevada Corporation has a fifty-two week low of $140.03 and a fifty-two week high of $285.67. The business’s fifty day moving average is $248.77 and its two-hundred day moving average is $218.52. The firm has a market cap of $51.18 billion, a PE ratio of 46.08, a P/E/G ratio of 3.49 and a beta of 0.45.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Tuesday, March 10th. The basic materials company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.18. The business had revenue of $597.30 million during the quarter, compared to the consensus estimate of $542.02 million. Franco-Nevada had a return on equity of 16.22% and a net margin of 61.01%.The business’s revenue for the quarter was up 86.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. Equities research analysts anticipate that Franco-Nevada Corporation will post 3.09 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a $0.44 dividend. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, March 12th. This represents a $1.76 annualized dividend and a yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is presently 31.87%.

Key Stories Impacting Franco-Nevada

Here are the key news stories impacting Franco-Nevada this week:

• Positive Sentiment: Q4 earnings beat and big revenue jump — Adjusted EPS of $1.85 topped estimates (~$1.67) and revenue rose to $597.3M (+86% YoY), driven by higher precious‑metal prices and stronger GEO sales, which is the primary catalyst for today’s buying. Franco‑Nevada tops fourth quarter earnings estimates
• Positive Sentiment: Record 2025 results — Company reported record full‑year performance and said it hit the top end of its revised 2025 GEO guidance, supporting durability of royalties/streams cash flows. Franco‑Nevada Reports Record 2025 Results
• Positive Sentiment: Dividend growth highlighted — Management and press coverage pointed to dividend increases/consecutive growth, reinforcing the stock’s income appeal for long‑term investors. Franco‑Nevada Q4 2025 Earnings Call Highlights
• Positive Sentiment: Very strong profitability and cash generation — Reports cite >90% EBITDA margin, large gross‑profit and operating‑profit gains and robust operating cash flow, which supports dividends and optionality for new deals. Zacks: Q4 earnings beat; revenues surge
• Neutral Sentiment: 2026 GEO outlook modest — Management called for GEO volumes to be flat to modestly higher in 2026 off a strong 2025 base; that tempers upside expectations from production growth (price exposure remains the main driver). MarketBeat: Supercycle/earnings discussion
• Neutral Sentiment: Analyst sentiment mostly constructive but mixed price targets — Several recent buy/outperform ratings and a median analyst target near ~$270 provide support but show dispersion in upside. QuiverQuant: analyst ratings & price targets
• Negative Sentiment: Cash and liabilities movement — Quarterly disclosure showed cash and cash equivalents declined materially YoY and total liabilities increased, which investors should watch for capital deployment and balance‑sheet risk. QuiverQuant: financial details
• Negative Sentiment: Short‑term consolidation and momentum cooling — Coverage notes the stock is consolidating after the earnings pop and cautions against chasing gains, which can cap near‑term upside. MarketBeat: commodity supercycle piece

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.