Franco-Nevada Corporation (FNV) Position Boosted by APG Asset Management N.V.

APG Asset Management N.V. boosted its stake in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 0.97% of Franco-Nevada Corporation worth $164,453,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised 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 during the period. First Eagle Investment Management LLC raised its stake in Franco-Nevada Corporation by 1.7% in the first quarter. First Eagle Investment Management LLC now owns 7,180,484 shares of the basic materials company’s stock valued at $469,713,000 after buying an additional 120,323 shares during the period. Bank of Montreal Can raised its stake in Franco-Nevada Corporation by 15.7% in the first quarter. Bank of Montreal Can now owns 6,857,037 shares of the basic materials company’s stock valued at $449,204,000 after buying an additional 931,206 shares during the period. Vanguard Group Inc. raised 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 during the period. Finally, Beutel Goodman & Co Ltd. raised its stake in shares of Franco-Nevada Corporation by 4.1% in the first quarter. Beutel Goodman & Co Ltd. now owns 2,113,880 shares of the basic materials company’s stock worth $138,248,000 after buying an additional 82,500 shares during the last quarter. Institutional investors own 63.12% of the company’s stock.

Shares of Franco-Nevada Corporation (NYSE:FNV) traded down 0.47% during trading on Thursday, hitting $74.12. 197,151 shares of the stock traded hands. The company has a market cap of $13.40 billion, a P/E ratio of 97.40 and a beta of -0.03. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $81.16. The stock has a 50-day moving average of $72.25 and a 200 day moving average of $68.66.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, May 9th. The basic materials company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $172.70 million for the quarter, compared to analyst estimates of $158.75 million. Franco-Nevada Corporation had a return on equity of 4.35% and a net margin of 21.17%. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, equities research analysts predict that Franco-Nevada Corporation will post $0.97 EPS for the current fiscal year.

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FNV has been the topic of a number of research analyst reports. Credit Suisse Group set a $80.00 price objective on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a report on Wednesday, June 14th. TD Securities restated a “buy” rating on shares of Franco-Nevada Corporation in a report on Wednesday, May 10th. BidaskClub lowered shares of Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, July 12th. Finally, Barclays PLC decreased 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 report on Thursday, July 13th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $77.86.

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.