Hillsdale Investment Management Inc. maintained its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,050 shares of the basic materials company’s stock at the close of the second quarter. Hillsdale Investment Management Inc.’s holdings in Franco-Nevada Corporation were worth $870,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hexavest Inc. grew its stake in shares of 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 purchasing an additional 559 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Franco-Nevada Corporation in the 2nd quarter valued at approximately $210,000. Schroder Investment Management Group purchased a new position in shares of Franco-Nevada Corporation in the 1st quarter valued at approximately $222,000. PNC Financial Services Group Inc. grew its stake in shares of Franco-Nevada Corporation by 40.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,617 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Franco-Nevada Corporation by 0.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 3,642 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 60.24% of the company’s stock.

Several brokerages have weighed in on FNV. BidaskClub downgraded Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Barclays PLC lowered their target price on Franco-Nevada Corporation from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 13th. ValuEngine upgraded Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Credit Suisse Group downgraded Franco-Nevada Corporation from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $78.00 to $80.00 in a research note on Monday, September 25th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $80.83.

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Franco-Nevada Corporation (NYSE FNV) opened at 77.48 on Friday. The firm has a market capitalization of $14.37 billion, a PE ratio of 97.70 and a beta of -0.07. The company’s 50-day moving average price is $79.22 and its 200 day moving average price is $72.05. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $85.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. 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 prior year, the company posted $0.22 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts forecast that Franco-Nevada Corporation will post $1.00 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, September 13th. Franco-Nevada Corporation’s dividend payout ratio (DPR) is 119.48%.

Franco-Nevada Corporation 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 Corporation (NYSE:FNV)

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