British Airways Pensions Investment Management Ltd continued to hold its stake in shares of Franco-Nevada Corp. (NYSE:FNV) during the second quarter, Holdings Channel reports. The fund owned 103,960 shares of the company’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in Franco-Nevada Corp. were worth $7,895,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. boosted its position in shares of Franco-Nevada Corp. by 17.2% in the second quarter. Shell Asset Management Co. now owns 226,990 shares of the company’s stock valued at $22,299,000 after buying an additional 33,391 shares during the period. Highstreet Asset Management Inc. boosted its position in shares of Franco-Nevada Corp. by 585.1% in the second quarter. Highstreet Asset Management Inc. now owns 57,367 shares of the company’s stock valued at $4,361,000 after buying an additional 48,994 shares during the period. Palo Capital Inc. bought a new position in shares of Franco-Nevada Corp. during the second quarter valued at $426,000. Hartford Investment Management Co. boosted its position in shares of Franco-Nevada Corp. by 5.7% in the second quarter. Hartford Investment Management Co. now owns 3,742 shares of the company’s stock valued at $283,000 after buying an additional 202 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of Franco-Nevada Corp. by 2.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 27,620 shares of the company’s stock valued at $2,101,000 after buying an additional 787 shares during the period. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Franco-Nevada Corp. (NYSE:FNV) traded down 1.11% during midday trading on Thursday, hitting $73.81. The stock had a trading volume of 605,648 shares. The company has a market capitalization of $13.15 billion, a PE ratio of 218.37 and a beta of 0.18. Franco-Nevada Corp. has a 1-year low of $41.47 and a 1-year high of $81.16. The stock’s 50-day moving average is $74.65 and its 200-day moving average is $70.07.

Franco-Nevada Corp. (NYSE:FNV) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $150.90 million for the quarter, compared to analysts’ expectations of $149.36 million. Franco-Nevada Corp. had a return on equity of 3.02% and a net margin of 11.05%. The business’s quarterly revenue was up 37.9% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. Equities research analysts forecast that Franco-Nevada Corp. will post $0.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.88 dividend on an annualized basis and a yield of 1.19%. Franco-Nevada Corp.’s dividend payout ratio is presently 275.00%.

Several equities analysts have recently weighed in on the company. Deutsche Bank AG reiterated a “sell” rating on shares of Franco-Nevada Corp. in a research report on Wednesday, July 20th. Vetr upgraded Franco-Nevada Corp. from a “strong sell” rating to a “sell” rating and set a $62.44 price target for the company in a research report on Wednesday, June 22nd. Barclays PLC boosted their target price on Franco-Nevada Corp. from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Zacks Investment Research cut Franco-Nevada Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Finally, HSBC restated a “buy” rating on shares of Franco-Nevada Corp. in a research report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $71.57.

About Franco-Nevada Corp.

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

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