Wells Fargo & Company MN grew its position in Franco Nevada Corp (NYSE:FNV) (TSE:FNV) by 6.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,654 shares of the basic materials company’s stock after purchasing an additional 939 shares during the period. Wells Fargo & Company MN’s holdings in Franco Nevada were worth $1,002,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. LPL Financial LLC lifted its position in Franco Nevada by 2.7% during the 4th quarter. LPL Financial LLC now owns 27,249 shares of the basic materials company’s stock worth $2,179,000 after buying an additional 729 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Franco Nevada by 3.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,600 shares of the basic materials company’s stock worth $1,889,000 after buying an additional 1,000 shares in the last quarter. Raymond James & Associates lifted its position in Franco Nevada by 4.5% during the 4th quarter. Raymond James & Associates now owns 66,460 shares of the basic materials company’s stock worth $5,314,000 after buying an additional 2,838 shares in the last quarter. Alliancebernstein L.P. lifted its position in Franco Nevada by 5.5% during the 4th quarter. Alliancebernstein L.P. now owns 61,114 shares of the basic materials company’s stock worth $4,886,000 after buying an additional 3,169 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Franco Nevada by 3.3% during the 4th quarter. BlackRock Inc. now owns 115,792 shares of the basic materials company’s stock worth $9,258,000 after buying an additional 3,723 shares in the last quarter. Institutional investors own 61.21% of the company’s stock.

Several research analysts recently issued reports on FNV shares. Clarkson Capital reiterated a “neutral” rating on shares of Franco Nevada in a research report on Monday, April 2nd. Macquarie downgraded shares of Franco Nevada from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 10th. Finally, Desjardins upgraded shares of Franco Nevada from a “sell” rating to a “hold” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Franco Nevada presently has an average rating of “Hold” and a consensus target price of $93.71.

Shares of NYSE FNV opened at $74.56 on Friday. The stock has a market cap of $13.87 billion, a P/E ratio of 63.73, a P/E/G ratio of 15.28 and a beta of -0.02. Franco Nevada Corp has a 12-month low of $66.19 and a 12-month high of $86.06.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Wednesday, May 9th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.06. The business had revenue of $173.10 million for the quarter, compared to the consensus estimate of $169.26 million. Franco Nevada had a net margin of 31.64% and a return on equity of 4.67%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. analysts forecast that Franco Nevada Corp will post 1.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th were issued a dividend of $0.24 per share. This is a boost from Franco Nevada’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, June 13th. Franco Nevada’s payout ratio is currently 88.89%.

About Franco Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.

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

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