Legal & General Group Plc Has $216.80 Million Holdings in Franco-Nevada Corporation $FNV

Posted by Francis Steltz on May 28th, 2026

Legal & General Group Plc increased its holdings in shares of Franco-Nevada Corporation (NYSE:FNV – Free Report) (TSE:FNV) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,044,515 shares of the basic materials company’s stock after purchasing an additional 57,843 shares during the quarter. Legal & General Group Plc owned approximately 0.54% of Franco-Nevada worth $216,797,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Franco-Nevada by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 8,330,234 shares of the basic materials company’s stock worth $1,726,741,000 after purchasing an additional 113,916 shares during the last quarter. Bank of Montreal Can boosted its holdings in Franco-Nevada by 8.9% during the third quarter. Bank of Montreal Can now owns 5,560,980 shares of the basic materials company’s stock worth $1,237,510,000 after purchasing an additional 454,175 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Franco-Nevada by 26.5% during the fourth quarter. First Eagle Investment Management LLC now owns 5,123,444 shares of the basic materials company’s stock worth $1,062,037,000 after purchasing an additional 1,074,257 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Franco-Nevada by 76.0% during the third quarter. Mackenzie Financial Corp now owns 2,363,324 shares of the basic materials company’s stock worth $525,925,000 after purchasing an additional 1,020,509 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in Franco-Nevada by 0.9% during the third quarter. TD Asset Management Inc now owns 2,030,684 shares of the basic materials company’s stock worth $452,095,000 after purchasing an additional 18,897 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

FNV has been the subject of several recent research reports. National Bank Financial upgraded shares of Franco-Nevada from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 13th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Franco-Nevada in a report on Wednesday, February 4th. Weiss Ratings upgraded shares of Franco-Nevada from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 20th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a research report on Wednesday, May 20th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $271.00.

Check Out Our Latest Analysis on FNV

Franco-Nevada Price Performance

Shares of FNV opened at $223.44 on Thursday. The firm has a market capitalization of $43.09 billion, a PE ratio of 31.47, a PEG ratio of 1.97 and a beta of 0.34. The company’s 50-day moving average is $240.52 and its 200-day moving average is $233.89. Franco-Nevada Corporation has a fifty-two week low of $152.89 and a fifty-two week high of $285.67.

Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last issued its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.29. The company had revenue of $650.70 million for the quarter, compared to analyst estimates of $634.43 million. Franco-Nevada had a net margin of 65.12% and a return on equity of 18.10%. The company’s revenue was up 76.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. Analysts predict that Franco-Nevada Corporation will post 8.85 earnings per share for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. Franco-Nevada’s dividend payout ratio is presently 24.79%.

Franco-Nevada Profile

(Free Report)

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.