Franco-Nevada Corporation $FNV Shares Acquired by Legal & General Group Plc

Legal & General Group Plc grew its holdings in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 6.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 986,672 shares of the basic materials company’s stock after acquiring an additional 55,954 shares during the quarter. Legal & General Group Plc owned about 0.51% of Franco-Nevada worth $219,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Franco-Nevada by 1.6% in the third quarter. Vanguard Group Inc. now owns 8,216,318 shares of the basic materials company’s stock valued at $1,828,821,000 after purchasing an additional 129,898 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Franco-Nevada by 26.4% in the third quarter. First Eagle Investment Management LLC now owns 4,049,187 shares of the basic materials company’s stock valued at $901,092,000 after purchasing an additional 846,950 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Franco-Nevada by 35.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,220,029 shares of the basic materials company’s stock worth $528,289,000 after purchasing an additional 838,853 shares in the last quarter. Norges Bank purchased a new stake in shares of Franco-Nevada during the 2nd quarter worth approximately $460,218,000. Finally, TD Asset Management Inc lifted its position in shares of Franco-Nevada by 0.9% during the 3rd quarter. TD Asset Management Inc now owns 2,030,684 shares of the basic materials company’s stock worth $452,095,000 after buying an additional 18,897 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

More Franco-Nevada News

Here are the key news stories impacting Franco-Nevada this week:

• Positive Sentiment: Q4 2025 results topped expectations — strong revenue (+86% y/y), EBITDA margins above 90%, and sustained free cash flow that supports higher dividends and buybacks. This is the primary fundamental driver behind investor optimism. Read More.
• Positive Sentiment: Analyst uplift — HC Wainwright raised its price target from $285 to $305 and maintained a Buy, signaling further upside potential from current levels and providing a catalyst for positive flows. Read More.
• Positive Sentiment: Management commentary & investor materials highlight record 2025 performance and a constructive outlook for gold-equivalent volumes (flat to modestly higher in 2026) — supports the long-term “royalty/stream” thesis and exposure to a potential commodities supercycle. Read More.
• Neutral Sentiment: Detailed call transcript and slide deck published — useful for modeling GEO guidance, margin assumptions and capital allocation but no new operational surprises. Read More.
• Neutral Sentiment: Multiple outlets (Zacks, Seeking Alpha, TipRanks, MarketBeat) summarized the beats and key call takeaways — broad analyst attention may support longer-term flows, though short-term reactions can vary. Read More.
• Negative Sentiment: Near-term profit-taking and consolidation after the post‑earnings pop — market commentary notes the stock is digesting gains and momentum has moderated, which likely explains today’s decline despite fundamentally strong results. Read More.

Analyst Ratings Changes

Several research analysts have recently issued reports on FNV shares. Royal Bank Of Canada upgraded shares of Franco-Nevada from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $225.00 to $250.00 in a report on Wednesday, December 10th. Scotiabank boosted their price target on shares of Franco-Nevada from $225.00 to $283.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. HC Wainwright upped their price objective on shares of Franco-Nevada from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $228.00 target price on shares of Franco-Nevada in a research report on Sunday, December 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.88.

Franco-Nevada Stock Performance

FNV stock opened at $263.23 on Friday. The stock has a market capitalization of $50.75 billion, a PE ratio of 45.70, a price-to-earnings-growth ratio of 3.53 and a beta of 0.45. The company has a fifty day moving average of $249.89 and a 200-day moving average of $218.83. Franco-Nevada Corporation has a one year low of $140.03 and a one year high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, March 10th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.18. The business had revenue of $597.30 million for the quarter, compared to analyst estimates of $542.02 million. Franco-Nevada had a net margin of 61.01% and a return on equity of 15.62%. The business’s revenue was up 86.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. Equities analysts forecast that Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.44 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is currently 31.87%.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.