ARP Americas LLC acquired a new position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,054 shares of the basic materials company’s stock, valued at approximately $365,000.

Several other large investors have also made changes to their positions in FNV. UBS Asset Management Americas Inc. increased its stake in shares of Franco-Nevada Corporation by 5.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 697,482 shares of the basic materials company’s stock worth $41,753,000 after buying an additional 39,026 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Franco-Nevada Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 56,503 shares of the basic materials company’s stock worth $3,696,000 after buying an additional 650 shares in the last quarter. Addenda Capital Inc. increased 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. Bank of Montreal Can increased 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. Finally, Capstone Asset Management Co. increased its stake in shares of Franco-Nevada Corporation by 1.6% in the first quarter. Capstone Asset Management Co. now owns 22,980 shares of the basic materials company’s stock worth $1,505,000 after buying an additional 360 shares in the last quarter. 63.49% of the stock is owned by institutional investors and hedge funds.

Shares of Franco-Nevada Corporation (NYSE FNV) opened at 73.15 on Monday. The stock has a 50 day moving average of $72.25 and a 200-day moving average of $68.66. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $81.16. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 96.12 and a beta of -0.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced its earnings results on Tuesday, May 9th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $172.70 million during the quarter, compared to analysts’ expectations of $158.75 million. Franco-Nevada Corporation had a net margin of 21.17% and a return on equity of 4.35%. During the same quarter last year, the company posted $0.17 EPS. Analysts expect that Franco-Nevada Corporation will post $0.97 earnings per share for the current year.

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FNV has been the subject of a number of recent research reports. Scotiabank boosted their price objective on shares of Franco-Nevada Corporation from $45.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, May 11th. TD Securities reaffirmed a “buy” rating on shares of Franco-Nevada Corporation in a research report on Wednesday, May 10th. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a $74.00 price objective (up previously from $68.00) on shares of Franco-Nevada Corporation in a research report on Tuesday, June 6th. Finally, BidaskClub downgraded shares of Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $77.86.

About Franco-Nevada Corporation

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 Corporation (NYSE:FNV)

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