Aperio Group LLC raised its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 353.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,842 shares of the basic materials company’s stock after buying an additional 20,138 shares during the period. Aperio Group LLC’s holdings in Franco-Nevada Corporation were worth $1,865,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Gulf International Bank UK Ltd increased its stake in 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 during the last quarter. Capstone Asset Management Co. increased its stake in 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 during the last quarter. Beutel Goodman & Co Ltd. increased its stake in Franco-Nevada Corporation by 4.1% in the first quarter. Beutel Goodman & Co Ltd. now owns 2,113,880 shares of the basic materials company’s stock worth $138,248,000 after buying an additional 82,500 shares during the last quarter. CGOV Asset Management increased its stake in Franco-Nevada Corporation by 4.0% in the first quarter. CGOV Asset Management now owns 41,400 shares of the basic materials company’s stock worth $3,613,000 after buying an additional 1,600 shares during the last quarter. Finally, Palisade Capital Management LLC NJ increased its stake in Franco-Nevada Corporation by 4.9% in the first quarter. Palisade Capital Management LLC NJ now owns 117,017 shares of the basic materials company’s stock worth $7,666,000 after buying an additional 5,496 shares during the last quarter. 63.49% of the stock is currently owned by institutional investors.

Franco-Nevada Corporation (NYSE:FNV) traded up 2.67% on Thursday, hitting $77.31. 403,539 shares of the stock were exchanged. The stock’s 50 day moving average price is $72.51 and its 200 day moving average price is $69.02. Franco-Nevada Corporation has a 52-week low of $53.31 and a 52-week high of $80.00. The firm has a market cap of $14.10 billion, a PE ratio of 99.12 and a beta of -0.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $163.60 million during the quarter, compared to the consensus estimate of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.49% and a net margin of 21.26%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. Equities research analysts forecast that Franco-Nevada Corporation will post $0.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, September 13th. Franco-Nevada Corporation’s payout ratio is 119.48%.

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FNV has been the topic of a number of recent research reports. Scotiabank upped their price target on shares of Franco-Nevada Corporation from $45.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, May 11th. TD Securities reaffirmed a “buy” rating on shares of Franco-Nevada Corporation in a research note on Wednesday, May 10th. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reiterated 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 cut shares of Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $75.35.

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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