BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Franco Nevada Corp (NYSE:FNV) (TSE:FNV) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,600 shares of the basic materials company’s stock after buying an additional 700 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Franco Nevada were worth $1,772,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FNV. Janney Montgomery Scott LLC increased its stake in shares of Franco Nevada by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,642 shares of the basic materials company’s stock worth $263,000 after purchasing an additional 30 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in shares of Franco Nevada by 0.8% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 46,050 shares of the basic materials company’s stock worth $3,324,000 after purchasing an additional 350 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Franco Nevada by 9.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,349 shares of the basic materials company’s stock worth $386,000 after purchasing an additional 444 shares during the period. Comerica Bank increased its stake in shares of Franco Nevada by 3.5% during the third quarter. Comerica Bank now owns 21,380 shares of the basic materials company’s stock worth $1,709,000 after purchasing an additional 731 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Franco Nevada by 11.7% during the second quarter. Stifel Financial Corp now owns 8,232 shares of the basic materials company’s stock worth $590,000 after purchasing an additional 860 shares during the period. Hedge funds and other institutional investors own 61.48% of the company’s stock.

Franco Nevada Corp (NYSE FNV) opened at $75.99 on Friday. Franco Nevada Corp has a 52 week low of $54.69 and a 52 week high of $86.06. The company has a market capitalization of $14,113.47, a price-to-earnings ratio of 73.07, a price-to-earnings-growth ratio of 17.70 and a beta of -0.14.

Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. Franco Nevada had a return on equity of 4.31% and a net margin of 22.12%. The firm had revenue of $171.50 million for the quarter, compared to analyst estimates of $167.07 million. During the same quarter last year, the company earned $0.30 EPS. The company’s revenue was down .3% on a year-over-year basis. equities analysts forecast that Franco Nevada Corp will post 1.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. Franco Nevada’s dividend payout ratio (DPR) is presently 116.46%.

FNV has been the topic of a number of recent research reports. TD Securities increased their target price on Franco Nevada from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Canaccord Genuity reiterated a “buy” rating and set a $121.00 target price on shares of Franco Nevada in a research note on Tuesday, November 7th. Royal Bank of Canada reiterated a “buy” rating and set a $100.00 target price on shares of Franco Nevada in a research note on Monday, October 23rd. Zacks Investment Research upgraded Franco Nevada from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Thursday, November 9th. Finally, ValuEngine upgraded Franco Nevada from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Franco Nevada presently has an average rating of “Hold” and a consensus price target of $85.70.

TRADEMARK VIOLATION NOTICE: “Franco Nevada Corp (FNV) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/franco-nevada-corp-fnv-shares-bought-by-british-columbia-investment-management-corp/1769681.html.

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.

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

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