Andra AP fonden boosted its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 208,000 shares of the basic materials company’s stock after acquiring an additional 12,000 shares during the period. Andra AP fonden owned 0.11% of Franco-Nevada Corporation worth $20,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC grew its stake in Franco-Nevada Corporation by 199.0% in the 2nd quarter. Advisory Services Network LLC now owns 1,504 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 1,001 shares during the last quarter. Hexavest Inc. grew its stake in Franco-Nevada Corporation by 50.7% in the 2nd quarter. Hexavest Inc. now owns 1,662 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 559 shares during the last quarter. Blair William & Co. IL purchased a new position in Franco-Nevada Corporation in the 2nd quarter valued at about $210,000. Wright Investors Service Inc. purchased a new position in Franco-Nevada Corporation in the 3rd quarter valued at about $245,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Franco-Nevada Corporation in the 2nd quarter valued at about $256,000. 60.01% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have issued reports on FNV. Scotiabank upped their target price on shares of Franco-Nevada Corporation from $78.00 to $79.50 and gave the company a “sector perform” rating in a report on Thursday, August 10th. TD Securities upped their target price on shares of Franco-Nevada Corporation from $83.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Royal Bank Of Canada restated a “buy” rating and issued a $100.00 target price on shares of Franco-Nevada Corporation in a report on Monday, October 23rd. Finally, Zacks Investment Research upgraded shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Franco-Nevada Corporation presently has an average rating of “Buy” and an average price target of $81.65.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The company had revenue of $163.60 million for the quarter, compared to analysts’ expectations of $164.62 million. During the same quarter in the previous year, the business posted $0.22 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis.

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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