Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Franco Nevada Corp (NYSE:FNV) (TSE:FNV) by 54.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,788 shares of the basic materials company’s stock after selling 53,298 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Franco Nevada were worth $3,481,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. CIBC Asset Management Inc lifted its stake in shares of Franco Nevada by 6.1% in the 3rd quarter. CIBC Asset Management Inc now owns 2,087,452 shares of the basic materials company’s stock worth $161,281,000 after purchasing an additional 120,925 shares during the period. Swiss National Bank lifted its stake in shares of Franco Nevada by 0.9% in the 3rd quarter. Swiss National Bank now owns 1,627,700 shares of the basic materials company’s stock worth $126,129,000 after purchasing an additional 14,900 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Franco Nevada by 4.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,330,454 shares of the basic materials company’s stock worth $103,205,000 after purchasing an additional 52,358 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Franco Nevada by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 946,879 shares of the basic materials company’s stock worth $74,444,000 after purchasing an additional 14,357 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Franco Nevada by 2.9% in the 3rd quarter. Legal & General Group Plc now owns 857,837 shares of the basic materials company’s stock worth $66,300,000 after purchasing an additional 23,953 shares during the period. Hedge funds and other institutional investors own 60.59% of the company’s stock.

Several brokerages have recently weighed in on FNV. Zacks Investment Research upgraded shares of Franco Nevada from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Raymond James Financial lowered their price objective on shares of Franco Nevada from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 23rd. Credit Suisse Group set a $80.00 price objective on shares of Franco Nevada and gave the stock a “hold” rating in a research note on Monday, January 22nd. Scotiabank set a $86.00 price objective on shares of Franco Nevada and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Desjardins reiterated a “sell” rating on shares of Franco Nevada in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $88.56.

Shares of Franco Nevada Corp (NYSE FNV) opened at $69.94 on Friday. Franco Nevada Corp has a one year low of $60.10 and a one year high of $86.06. The company has a market cap of $13,084.52, a P/E ratio of 67.74, a price-to-earnings-growth ratio of 14.80 and a beta of -0.13.

Franco Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, November 6th. The basic materials company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Franco Nevada had a net margin of 22.12% and a return on equity of 4.31%. The company had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $167.07 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue was down .3% compared to the same quarter last year. equities analysts forecast that Franco Nevada Corp will post 1.08 earnings per share for the current year.

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Franco Nevada Company Profile

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 (NYSE:FNV)

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