BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $39.23 Million Stake in Franco-Nevada Co. (NYSE:FNV)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 74.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,222 shares of the basic materials company's stock after selling 950,353 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.17% of Franco-Nevada worth $39,225,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FNV. Barclays PLC lifted its position in shares of Franco-Nevada by 29.4% during the 3rd quarter. Barclays PLC now owns 35,828 shares of the basic materials company's stock worth $4,450,000 after buying an additional 8,147 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Franco-Nevada by 2.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 7,528 shares of the basic materials company's stock valued at $884,000 after acquiring an additional 203 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Franco-Nevada by 3.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,387 shares of the basic materials company's stock valued at $1,104,000 after purchasing an additional 326 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Franco-Nevada by 3.3% in the 4th quarter. SG Americas Securities LLC now owns 36,643 shares of the basic materials company's stock worth $4,309,000 after purchasing an additional 1,168 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Franco-Nevada by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,286 shares of the basic materials company's stock worth $1,680,000 after purchasing an additional 241 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research report on Tuesday, March 11th. Royal Bank of Canada boosted their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. Finally, UBS Group boosted their price objective on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Franco-Nevada presently has a consensus rating of "Moderate Buy" and an average target price of $162.75.

Franco-Nevada Stock Performance

Franco-Nevada stock traded up $3.97 during trading hours on Monday, reaching $168.00. 483,799 shares of the company's stock traded hands, compared to its average volume of 726,544. The firm has a market capitalization of $32.35 billion, a price-to-earnings ratio of -53.17, a PEG ratio of 9.78 and a beta of 0.45. Franco-Nevada Co. has a fifty-two week low of $112.70 and a fifty-two week high of $178.74. The firm's 50 day moving average is $161.70 and its 200-day moving average is $140.83.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business had revenue of $368.40 million during the quarter, compared to analysts' expectations of $328.79 million. During the same quarter in the prior year, the company earned $0.76 EPS. The firm's quarterly revenue was up 43.5% on a year-over-year basis. Analysts predict that Franco-Nevada Co. will post 3.09 EPS for the current year.

Franco-Nevada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. Franco-Nevada's dividend payout ratio is 47.50%.

Franco-Nevada Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.