Stratos Wealth Partners LTD. held its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the second quarter, Holdings Channel reports. The fund owned 3,064 shares of the basic materials company’s stock at the end of the second quarter. Stratos Wealth Partners LTD.’s holdings in Franco-Nevada Corporation were worth $221,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in Franco-Nevada Corporation by 6.6% in the first quarter. Van ECK Associates Corp now owns 10,773,637 shares of the basic materials company’s stock valued at $705,781,000 after buying an additional 666,196 shares in the last quarter. CIBC Asset Management Inc increased its stake in Franco-Nevada Corporation by 34.8% in the second quarter. CIBC Asset Management Inc now owns 1,966,527 shares of the basic materials company’s stock valued at $141,730,000 after buying an additional 507,518 shares in the last quarter. Barometer Capital Management Inc. increased its stake in Franco-Nevada Corporation by 4,017.1% in the second quarter. Barometer Capital Management Inc. now owns 288,200 shares of the basic materials company’s stock valued at $20,797,000 after buying an additional 281,200 shares in the last quarter. Vanguard Group Inc. increased its stake in Franco-Nevada Corporation by 4.9% in the first quarter. Vanguard Group Inc. now owns 4,076,074 shares of the basic materials company’s stock valued at $267,023,000 after buying an additional 189,705 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Franco-Nevada Corporation by 15.2% in the first quarter. Great West Life Assurance Co. Can now owns 1,389,027 shares of the basic materials company’s stock valued at $90,859,000 after buying an additional 183,038 shares in the last quarter. 63.49% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Corporation (NYSE:FNV) opened at 77.65 on Friday. The company has a market cap of $14.16 billion, a P/E ratio of 99.55 and a beta of -0.03. The company has a 50-day moving average of $72.77 and a 200-day moving average of $69.18. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $79.17.

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 (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. On average, equities research analysts predict that Franco-Nevada Corporation will post $0.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.92 dividend on an annualized basis and a yield of 1.18%. Franco-Nevada Corporation’s dividend payout ratio (DPR) is presently 119.48%.

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Several analysts have recently weighed in on FNV shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $64.00 price target (down previously from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Zacks Investment Research raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Monday, July 24th. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Credit Suisse Group set a $80.00 price target on shares of Franco-Nevada Corporation and gave the company a “buy” rating in a research note on Wednesday, June 14th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $78.89.

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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