Numeric Investors LLC lowered its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,100 shares of the basic materials company’s stock after selling 1,300 shares during the quarter. Numeric Investors LLC’s holdings in Franco-Nevada Corporation were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of Franco-Nevada Corporation by 7.5% during the second quarter. FMR LLC now owns 14,804,189 shares of the basic materials company’s stock worth $1,068,190,000 after acquiring an additional 1,028,578 shares during the period. Vanguard Group Inc. increased its position in shares of Franco-Nevada Corporation by 3.6% during the second quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock worth $304,643,000 after acquiring an additional 145,698 shares during the period. TD Asset Management Inc. increased its position in shares of Franco-Nevada Corporation by 6.0% during the second quarter. TD Asset Management Inc. now owns 3,432,041 shares of the basic materials company’s stock worth $247,287,000 after acquiring an additional 194,998 shares during the period. Franklin Resources Inc. increased its position in shares of Franco-Nevada Corporation by 30.0% during the second 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 period. Finally, CIBC World Markets Inc. increased its position in shares of Franco-Nevada Corporation by 3.7% during the second quarter. CIBC World Markets Inc. now owns 2,565,447 shares of the basic materials company’s stock worth $185,123,000 after acquiring an additional 90,845 shares during the period. 60.24% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the company. BidaskClub lowered Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Barclays PLC lowered their target price on shares of Franco-Nevada Corporation from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 13th. ValuEngine upgraded shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Credit Suisse Group downgraded shares of Franco-Nevada Corporation from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $78.00 to $80.00 in a research note on Monday, September 25th. Finally, Zacks Investment Research downgraded shares of Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Eight 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 currently has a consensus rating of “Buy” and an average target price of $80.83.

Shares of Franco-Nevada Corporation (NYSE:FNV) opened at 79.19 on Friday. The stock has a market capitalization of $14.69 billion, a PE ratio of 99.86 and a beta of -0.12. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $85.03. The stock has a 50 day moving average of $80.30 and a 200-day moving average of $73.40.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its quarterly 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. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The business had revenue of $163.60 million during the quarter, compared to analyst estimates of $164.62 million. During the same period in the previous year, the business posted $0.22 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts predict that Franco-Nevada Corporation will post $1.00 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Wednesday, September 13th. Franco-Nevada Corporation’s dividend payout ratio (DPR) is presently 119.48%.

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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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