Gluskin Sheff & Assoc Inc. maintained its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,420 shares of the basic materials company’s stock at the end of the 2nd quarter. Gluskin Sheff & Assoc Inc.’s holdings in Franco-Nevada Corporation were worth $175,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FNV. Van ECK Associates Corp increased its stake in shares of Franco-Nevada Corporation by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 10,773,637 shares of the basic materials company’s stock worth $705,781,000 after acquiring an additional 666,196 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Franco-Nevada Corporation by 30.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,800,453 shares of the basic materials company’s stock worth $202,127,000 after acquiring an additional 646,929 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Franco-Nevada Corporation by 34.8% in the 2nd quarter. CIBC Asset Management Inc now owns 1,966,527 shares of the basic materials company’s stock worth $141,730,000 after acquiring an additional 507,518 shares during the last quarter. Barometer Capital Management Inc. increased its stake in shares of Franco-Nevada Corporation by 4,017.1% in the 2nd quarter. Barometer Capital Management Inc. now owns 288,200 shares of the basic materials company’s stock worth $20,797,000 after acquiring an additional 281,200 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Franco-Nevada Corporation by 33.5% in the 2nd quarter. Fiera Capital Corp now owns 1,104,916 shares of the basic materials company’s stock worth $79,584,000 after acquiring an additional 277,080 shares during the last quarter. 60.24% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/09/21/gluskin-sheff-assoc-inc-has-175000-position-in-franco-nevada-corporation-fnv.html.

Shares of Franco-Nevada Corporation (FNV) traded down 0.4411% during mid-day trading on Thursday, hitting $79.0199. The company had a trading volume of 137,154 shares. The company has a market cap of $14.65 billion, a PE ratio of 99.6468 and a beta of -0.07. The firm has a 50-day moving average of $79.22 and a 200-day moving average of $72.05. Franco-Nevada Corporation has a 12 month low of $53.31 and a 12 month high of $85.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, August 8th. The basic materials company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $163.60 million during the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, analysts expect that Franco-Nevada Corporation will post $1.00 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.92 annualized dividend and a yield of 1.16%. Franco-Nevada Corporation’s payout ratio is currently 119.48%.

A number of analysts have issued reports on FNV shares. Credit Suisse Group set a $78.00 target price on Franco-Nevada Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Scotiabank raised their target price on Franco-Nevada Corporation from $78.00 to $79.50 and gave the stock a “sector perform” rating in a research note on Thursday, August 10th. BidaskClub raised Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. TD Securities raised their target price on Franco-Nevada Corporation from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Wednesday, July 12th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $80.65.

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.

Institutional Ownership by Quarter for Franco-Nevada Corporation (NYSE:FNV)

Receive News & Ratings for Franco-Nevada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corporation and related companies with MarketBeat.com's FREE daily email newsletter.