Franco-Nevada Corporation (NYSE:FNV) Shares Purchased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,587 shares of the basic materials company's stock after acquiring an additional 4,098 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.08% of Franco-Nevada worth $23,681,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Franco-Nevada during the fourth quarter valued at approximately $237,643,000. EdgePoint Investment Group Inc. lifted its stake in shares of Franco-Nevada by 49.9% in 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 during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Franco-Nevada by 246.3% in 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 buying an additional 828,166 shares in the last quarter. Capital World Investors increased its position in shares of Franco-Nevada by 9.8% in 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 buying an additional 711,591 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments bought a new stake in shares of Franco-Nevada in the 4th quarter valued at $52,857,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. CIBC reiterated an "outperform" rating on shares of Franco-Nevada in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. UBS Group lifted their price target on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Franco-Nevada has an average rating of "Moderate Buy" and a consensus target price of $172.13.

Franco-Nevada Stock Down 0.1%

Shares of NYSE:FNV traded down $0.18 on Friday, hitting $154.40. The company had a trading volume of 450,316 shares, compared to its average volume of 752,978. Franco-Nevada Corporation has a 1 year low of $112.70 and a 1 year high of $179.99. The firm has a market capitalization of $29.75 billion, a price-to-earnings ratio of 48.25, a P/E/G ratio of 2.08 and a beta of 0.41. The firm's 50-day simple moving average is $164.67 and its two-hundred day simple moving average is $153.63.

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 the consensus estimate 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 net margin of 50.39% and a return on equity of 11.40%. The company's revenue for the quarter was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Equities research analysts anticipate that Franco-Nevada Corporation will post 3.09 EPS for the current 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 issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, June 12th. Franco-Nevada's 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.