Bard Associates Inc. Has $911,000 Holdings in Franco-Nevada Corporation (FNV)

Bard Associates Inc. continued to hold its position in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,628 shares of the basic materials company’s stock at the close of the second quarter. Bard Associates Inc.’s holdings in Franco-Nevada Corporation were worth $911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in shares of Franco-Nevada Corporation by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 10,773,637 shares of the basic materials company’s stock worth $705,781,000 after acquiring an additional 666,196 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Franco-Nevada Corporation by 30.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,800,453 shares of the basic materials company’s stock worth $202,127,000 after acquiring an additional 646,929 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Franco-Nevada Corporation by 34.8% in the 2nd quarter. CIBC Asset Management Inc now owns 1,966,527 shares of the basic materials company’s stock worth $141,730,000 after acquiring an additional 507,518 shares during the last quarter. Barometer Capital Management Inc. increased its stake in shares of Franco-Nevada Corporation by 4,017.1% in the 2nd quarter. Barometer Capital Management Inc. now owns 288,200 shares of the basic materials company’s stock worth $20,797,000 after acquiring an additional 281,200 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in shares of Franco-Nevada Corporation by 6.0% in the 2nd quarter. TD Asset Management Inc. now owns 3,432,041 shares of the basic materials company’s stock worth $247,287,000 after acquiring an additional 194,998 shares during the last quarter. 60.28% of the stock is owned by hedge funds and other institutional investors.

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Shares of Franco-Nevada Corporation (FNV) opened at 82.69 on Tuesday. The company’s 50 day moving average price is $77.50 and its 200-day moving average price is $71.20. The firm has a market capitalization of $15.34 billion, a P/E ratio of 104.27 and a beta of -0.07. Franco-Nevada Corporation has a 12 month low of $53.31 and a 12 month 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 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $163.60 million during the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, equities analysts predict that Franco-Nevada Corporation will post $1.00 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.92 annualized dividend and a yield of 1.11%. Franco-Nevada Corporation’s payout ratio is currently 119.48%.

FNV has been the subject of a number of recent research reports. Zacks Investment Research raised Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Monday, July 24th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $64.00 target price (down from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. ValuEngine raised Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Credit Suisse Group set a $80.00 target price on Franco-Nevada Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $80.65.

Franco-Nevada Corporation 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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