British Airways Pensions Investment Management Ltd maintained its 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. The fund owned 94,798 shares of the basic materials company’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in Franco-Nevada Corporation were worth $6,826,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Geneva Advisors LLC increased its position in shares of Franco-Nevada Corporation by 11.0% in the first quarter. Geneva Advisors LLC now owns 16,270 shares of the basic materials company’s stock valued at $1,066,000 after buying an additional 1,615 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Franco-Nevada Corporation by 7.1% in the first quarter. Wells Fargo & Company MN now owns 40,245 shares of the basic materials company’s stock valued at $2,636,000 after buying an additional 2,652 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Franco-Nevada Corporation by 9.7% in the first quarter. Shell Asset Management Co. now owns 152,459 shares of the basic materials company’s stock valued at $13,282,000 after buying an additional 13,513 shares during the last quarter. Korea Investment CORP purchased a new position in shares of Franco-Nevada Corporation during the first quarter valued at approximately $720,000. Finally, Barometer Capital Management Inc. purchased a new position in shares of Franco-Nevada Corporation during the first quarter valued at approximately $459,000. Institutional investors own 63.49% of the company’s stock.

Franco-Nevada Corporation (FNV) opened at 73.15 on Monday. The firm 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 company has a market capitalization of $13.22 billion, a P/E ratio of 96.12 and a beta of -0.03.

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

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Several equities analysts recently commented on the stock. Barclays PLC reiterated an “equal weight” rating and set a $74.00 price target (up from $68.00) on shares of Franco-Nevada Corporation in a report on Tuesday, June 6th. Deutsche Bank AG reiterated a “hold” rating and set a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a report on Sunday, June 25th. ValuEngine upgraded shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Finally, Credit Suisse Group set a $78.00 price target on shares of Franco-Nevada Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average 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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