Franco-Nevada Corporation (NYSE:FNV) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 36.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,388 shares of the basic materials company's stock after buying an additional 15,483 shares during the period. Envestnet Asset Management Inc.'s holdings in Franco-Nevada were worth $9,200,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FNV. Norges Bank bought a new position in shares of Franco-Nevada in the fourth quarter valued at approximately $237,643,000. EdgePoint Investment Group Inc. boosted its stake in Franco-Nevada by 49.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock valued at $582,100,000 after purchasing an additional 1,650,358 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Franco-Nevada by 246.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company's stock valued at $136,796,000 after purchasing an additional 828,166 shares in the last quarter. Capital World Investors increased its position in shares of Franco-Nevada by 9.8% during the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after purchasing an additional 711,591 shares during the period. Finally, BLI Banque de Luxembourg Investments bought a new stake in shares of Franco-Nevada in the 4th quarter worth $52,857,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Price Performance

NYSE FNV traded up $0.84 on Thursday, hitting $163.05. 402,851 shares of the stock were exchanged, compared to its average volume of 845,586. The company's 50-day moving average price is $164.81 and its two-hundred day moving average price is $153.97. Franco-Nevada Corporation has a 52-week low of $112.70 and a 52-week high of $179.99. The company has a market capitalization of $31.41 billion, a price-to-earnings ratio of 50.95, a P/E/G ratio of 2.14 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The business had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a return on equity of 11.40% and a net margin of 50.39%. Franco-Nevada's revenue for the quarter was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. Equities analysts predict that Franco-Nevada Corporation will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 0.93%. Franco-Nevada's dividend payout ratio (DPR) is presently 47.50%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FNV. Raymond James Financial set a $186.00 target price on Franco-Nevada and gave the company an "outperform" rating in a research note on Wednesday, May 28th. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. HC Wainwright reiterated a "buy" rating and issued a $195.00 target price (up from $180.00) on shares of Franco-Nevada in a report on Wednesday, May 28th. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Finally, Scotiabank lifted their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of "Moderate Buy" and an average price target of $172.13.

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.