Franco-Nevada Corporation sees $17.55M investment from Alberta Investment Management Corp

Alberta Investment Management Corp acquired 84,206 shares of Franco-Nevada Corporation in the second quarter, an investment valued at approximately $17.55 million. This acquisition contributes to an institutional ownership level of 77.06% for the basic materials company.

In recent financial reporting, Franco-Nevada reported quarterly revenue of $580.90 million, representing a 57.3% increase compared to the same quarter last year. However, the company reported earnings per share (EPS) of $1.81, which fell short of the $1.95 consensus estimate.

Looking ahead, HC Wainwright has issued a FY2026 earnings per share estimate of $4.75 for the company and maintains a ‘Buy’ rating with a $305.00 target price. The consensus estimate for the current full-year earnings stands at $7.60 per share.