Franco-Nevada Corporation (FNV) Holdings Cut by Bank of Nova Scotia

Bank of Nova Scotia trimmed its stake in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,941 shares of the basic materials company’s stock after selling 3,809 shares during the period. Bank of Nova Scotia owned 0.26% of Franco-Nevada Corporation worth $34,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its holdings in Franco-Nevada Corporation by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,642 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 30 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in Franco-Nevada Corporation by 0.5% during the second quarter. Capstone Asset Management Co. now owns 23,100 shares of the basic materials company’s stock valued at $1,667,000 after purchasing an additional 120 shares in the last quarter. Korea Investment CORP lifted its holdings in Franco-Nevada Corporation by 1.9% during the second quarter. Korea Investment CORP now owns 11,234 shares of the basic materials company’s stock valued at $809,000 after purchasing an additional 212 shares in the last quarter. Chase Investment Counsel Corp lifted its holdings in Franco-Nevada Corporation by 7.5% during the second quarter. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 305 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in Franco-Nevada Corporation by 0.8% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 46,050 shares of the basic materials company’s stock valued at $3,324,000 after purchasing an additional 350 shares in the last quarter. 60.24% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Franco-Nevada Corporation (FNV) traded down 0.44% during trading on Wednesday, reaching $79.10. 110,224 shares of the company’s stock were exchanged. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 98.88 and a beta of -0.12. The stock has a 50 day moving average price of $80.35 and a 200-day moving average price of $73.73. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $85.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. Analysts predict that Franco-Nevada Corporation will post $1.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. Franco-Nevada Corporation’s dividend payout ratio (DPR) is 119.48%.

Several equities analysts have recently weighed in on the stock. Credit Suisse Group set a $80.00 price target on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 14th. BidaskClub raised shares of Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Scotiabank raised their price target on shares of Franco-Nevada Corporation from $79.50 to $82.00 and gave the stock a “sector perform” rating in a research note on Friday, September 8th. Deutsche Bank AG reissued a “hold” rating and issued a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Finally, ValuEng

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its holdings in Franco-Nevada Corporation by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,642 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 30 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in Franco-Nevada Corporation by 0.5% during the second quarter. Capstone Asset Management Co. now owns 23,100 shares of the basic materials company’s stock valued at $1,667,000 after purchasing an additional 120 shares in the last quarter. Korea Investment CORP lifted its holdings in Franco-Nevada Corporation by 1.9% during the second quarter. Korea Investment CORP now owns 11,234 shares of the basic materials company’s stock valued at $809,000 after purchasing an additional 212 shares in the last quarter. Chase Investment Counsel Corp lifted its holdings in Franco-Nevada Corporation by 7.5% during the second quarter. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 305 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in Franco-Nevada Corporation by 0.8% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 46,050 shares of the basic materials company’s stock valued at $3,324,000 after purchasing an additional 350 shares in the last quarter. 60.24% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Franco-Nevada Corporation (FNV) Holdings Cut by Bank of Nova Scotia” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/11/franco-nevada-corporation-fnv-holdings-cut-by-bank-of-nova-scotia.html.

Shares of Franco-Nevada Corporation (FNV) traded down 0.44% during trading on Wednesday, reaching $79.10. 110,224 shares of the company’s stock were exchanged. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 98.88 and a beta of -0.12. The stock has a 50 day moving average price of $80.35 and a 200-day moving average price of $73.73. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $85.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. Analysts predict that Franco-Nevada Corporation will post $1.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. Franco-Nevada Corporation’s dividend payout ratio (DPR) is 119.48%.

Several equities analysts have recently weighed in on the stock. Credit Suisse Group set a $80.00 price target on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 14th. BidaskClub raised shares of Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Scotiabank raised their price target on shares of Franco-Nevada Corporation from $79.50 to $82.00 and gave the stock a “sector perform” rating in a research note on Friday, September 8th. Deutsche Bank AG reissued a “hold” rating and issued a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Finally, ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Franco-Nevada Corporation presently has a consensus rating of “Buy” and a consensus price target of $80.83.

Franco-Nevada Corporation Company Profile

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.

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Institutional Ownership by Quarter for Franco-Nevada Corporation (NYSE:FNV)

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