<div id="readability-page-1"><p>Annex Advisory Services LLC boosted its position in  Franco-Nevada Corporation (NYSE:FNV - Free Report) <span>TSE: FNV<span></span></span> by 5.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor  owned 190,636 shares of the basic materials company's stock after purchasing an additional 10,233 shares during the quarter. Annex Advisory Services LLC owned approximately 0.10% of Franco-Nevada worth $42,495,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Franco-Nevada</strong> alerts:</span></p></div><ul><li>The Best Way to Invest in Gold Is...</li></ul><p>Several other hedge funds and other institutional investors have also recently made changes to their positions in FNV. Ethic Inc. purchased a new position in shares of  Franco-Nevada in the 3rd quarter valued at approximately $221,000.  Sowell Financial Services LLC purchased a new position in shares of  Franco-Nevada during the 3rd quarter valued at about $239,000.  Apollon Wealth Management LLC raised its position in  Franco-Nevada by 19.1% during the third quarter. Apollon Wealth Management LLC now owns 1,931 shares of the basic materials company's stock valued at $430,000 after acquiring an additional 309 shares in the last quarter.  Burney Co. lifted its stake in shares of  Franco-Nevada by 5.7% in the 3rd quarter. Burney Co. now owns 34,969 shares of the basic materials company's stock valued at $7,795,000 after purchasing an additional 1,900 shares during the period.  Finally, Blue Trust Inc. raised its position in shares of  Franco-Nevada by 123.6% in the third quarter. Blue Trust Inc. now owns 2,176 shares of the basic materials company's stock worth $485,000 after acquiring an additional 1,203 shares during the period. Hedge funds and other institutional investors own  77.06% of the company's stock. </p><h2>Franco-Nevada Trading Up 0.8%</h2><p>Shares of NYSE:FNV opened at $217.46 on Monday. The company has a market capitalization of $41.92 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 1.68 and a beta of 0.45. Franco-Nevada Corporation has a 12-month low of $115.79 and a 12-month high of $225.63. The business has a 50-day moving average price of $200.16 and a 200 day moving average price of $188.98. </p><ul><li>Gold Rush: Exploring 5 Sector Giants Amidst Soaring Prices</li></ul><p>Franco-Nevada (NYSE:FNV - Get Free Report) <span>TSE: FNV<span></span></span> last announced its earnings results on Monday, November 3rd. The basic materials company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.06. Franco-Nevada had a net margin of 59.48% and a return on equity of 13.94%. The company had revenue of $487.70 million during the quarter, compared to analyst estimates of $448.51 million. During the same quarter last year, the firm posted $0.80 earnings per share. Franco-Nevada's revenue was up 76.9% compared to the same quarter last year.  As a group, equities research analysts predict that  Franco-Nevada Corporation will post 3.09 earnings per share for the current fiscal year. </p><h2>Franco-Nevada Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, December 4th. Franco-Nevada's dividend payout ratio (DPR) is 31.87%. </p><h2>Analysts Set New Price Targets</h2><ul><li>Have investors struck gold with Newmont's 4.7% yield?</li></ul><p>Several equities analysts have issued reports on the stock. UBS Group increased their price objective on shares of Franco-Nevada from $260.00 to $270.00 and gave the company a &#34;buy&#34; rating in a report on Monday, December 1st. Bank of America lifted their price target on Franco-Nevada from $211.00 to $220.00 and gave the stock a &#34;neutral&#34; rating in a report on Thursday, October 16th. Wall Street Zen raised shares of Franco-Nevada from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Monday, November 24th. Raymond James Financial raised their price objective on shares of Franco-Nevada from $218.00 to $234.00 and gave the stock an &#34;outperform&#34; rating in a research report on Friday, October 10th. Finally, Jefferies Financial Group  reaffirmed a &#34;hold&#34; rating and set a $228.00 target price on shares of Franco-Nevada in a research note on Sunday, December 7th. One equities research analyst  has rated the stock with a Strong Buy rating, seven have assigned  a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $232.75.</p><p><b>Read Our Latest Research Report on FNV</b></p><h2>About Franco-Nevada</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Franco-Nevada</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZOVg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZOVg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Franco-Nevada Right Now?</h2><p>Before you consider Franco-Nevada, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franco-Nevada wasn't on the list.</p><p>While Franco-Nevada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Annex Advisory Services LLC increased its stake in Franco-Nevada Corporation (NYSE:FNV) by 5.7% in Q3, acquiring an additional 10,233 shares, bringing its total to 190,636 shares valued at approximately $42.5 million. Other institutional investors also adjusted their positions in FNV. The company reported Q3 earnings of $1.43 per share, exceeding estimates, with revenue up 76.9% year-over-year. Franco-Nevada recently announced a quarterly dividend of $0.38. Analysts have set new price targets, with UBS raising its target to $270 and Bank of America to $220.</p>

Annex Advisory Services LLC Buys 10,233 Shares of Franco-Nevada Corporation $FNV