Franco-Nevada Corporation (FNV) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. increased its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,757,541 shares of the basic materials company’s stock after buying an additional 63,000 shares during the period. APG Asset Management N.V. owned about 0.97% of Franco-Nevada Corporation worth $164,453,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FNV. Hexavest Inc. boosted its position in Franco-Nevada Corporation by 50.7% in the second quarter. Hexavest Inc. now owns 1,662 shares of the basic materials company’s stock valued at $120,000 after buying an additional 559 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Franco-Nevada Corporation by 224.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,353 shares of the basic materials company’s stock valued at $199,000 after buying an additional 2,320 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Franco-Nevada Corporation during the first quarter valued at about $201,000. Schroder Investment Management Group acquired a new stake in Franco-Nevada Corporation during the first quarter valued at about $222,000. Finally, Gluskin Sheff & Assoc Inc. acquired a new stake in Franco-Nevada Corporation during the first quarter valued at about $225,000. Institutional investors and hedge funds own 62.94% of the company’s stock.

Shares of Franco-Nevada Corporation (NYSE:FNV) traded down 0.83% during midday trading on Monday, hitting $73.19. 74,864 shares of the company traded hands. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $81.16. The stock has a market capitalization of $13.23 billion, a PE ratio of 96.18 and a beta of -0.03. The stock has a 50 day moving average of $72.62 and a 200-day moving average of $67.99.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced its earnings results on Tuesday, May 9th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $172.70 million for the quarter, compared to the consensus estimate of $158.75 million. Franco-Nevada Corporation had a net margin of 21.17% and a return on equity of 4.35%. During the same period last year, the firm posted $0.17 earnings per share. Equities analysts forecast that Franco-Nevada Corporation will post $0.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th were given a dividend of $0.23 per share. This is a boost from Franco-Nevada Corporation’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, June 13th. Franco-Nevada Corporation’s dividend payout ratio (DPR) is presently 121.05%.

FNV has been the subject of a number of research analyst reports. Credit Suisse Group set a $80.00 target price on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 14th. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Scotiabank upped their target price on shares of Franco-Nevada Corporation from $45.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, May 11th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $64.00 target price (down previously from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $77.78.

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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