Shell Asset Management Co. Acquires 2,268 Shares of Franco-Nevada Corporation $FNV

Shell Asset Management Co. boosted its holdings in shares of Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 14.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,191 shares of the basic materials company's stock after buying an additional 2,268 shares during the period. Shell Asset Management Co.'s holdings in Franco-Nevada were worth $2,980,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FNV. Wealth Enhancement Advisory Services LLC boosted its stake in Franco-Nevada by 35.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,699 shares of the basic materials company's stock valued at $435,000 after buying an additional 973 shares during the period. GAMMA Investing LLC bought a new stake in Franco-Nevada during the first quarter valued at $1,415,000. Merit Financial Group LLC bought a new stake in Franco-Nevada during the first quarter worth about $333,000. SG Americas Securities LLC lifted its stake in Franco-Nevada by 38.9% during the first quarter. SG Americas Securities LLC now owns 50,906 shares of the basic materials company's stock worth $8,021,000 after purchasing an additional 14,263 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its stake in Franco-Nevada by 123.0% during the first quarter. Integrated Advisors Network LLC now owns 4,985 shares of the basic materials company's stock worth $785,000 after purchasing an additional 2,750 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FNV shares. Wall Street Zen lowered Franco-Nevada from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. National Bankshares reaffirmed a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Raymond James Financial lifted their price target on Franco-Nevada from $203.00 to $218.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. CIBC reaffirmed an "outperform" rating on shares of Franco-Nevada in a research note on Tuesday, July 15th. Finally, Scotiabank lifted their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $194.57.

Franco-Nevada Trading Down 2.1%

FNV opened at $217.21 on Wednesday. The company has a market cap of $41.86 billion, a P/E ratio of 53.37, a P/E/G ratio of 2.91 and a beta of 0.42. The business's 50-day moving average price is $192.42 and its 200-day moving average price is $173.52. Franco-Nevada Corporation has a 12 month low of $112.70 and a 12 month high of $225.63.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. The firm had revenue of $369.40 million for the quarter, compared to the consensus estimate of $382.70 million. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The company's quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities research analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, September 11th. Franco-Nevada's payout ratio is currently 37.35%.

About Franco-Nevada

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.

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