Franco-Nevada Co. (NYSE:FNV) Position Increased by Beacon Financial Group

Beacon Financial Group raised its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 5,150 shares of the basic materials company’s stock after purchasing an additional 200 shares during the quarter. Beacon Financial Group’s holdings in Franco-Nevada were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Essex Financial Services Inc. grew its position in shares of Franco-Nevada by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company’s stock worth $458,000 after acquiring an additional 84 shares during the last quarter. Mutual Advisors LLC grew its position in shares of Franco-Nevada by 4.0% during the fourth quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company’s stock worth $309,000 after acquiring an additional 96 shares during the last quarter. Sustainable Insight Capital Management LLC grew its position in shares of Franco-Nevada by 2.7% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company’s stock worth $441,000 after acquiring an additional 100 shares during the last quarter. Huntington National Bank grew its position in shares of Franco-Nevada by 7.4% during the third quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 102 shares during the last quarter. Finally, Blossom Wealth Management grew its position in shares of Franco-Nevada by 3.9% during the fourth quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company’s stock worth $335,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Trading Down 0.2 %

Shares of NYSE FNV opened at $142.43 on Thursday. Franco-Nevada Co. has a twelve month low of $103.64 and a twelve month high of $143.77. The company has a market capitalization of $27.42 billion, a price-to-earnings ratio of -45.07, a PEG ratio of 9.88 and a beta of 0.74. The firm has a 50-day moving average of $126.40 and a two-hundred day moving average of $125.10.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s dividend payout ratio is presently -45.57%.

Analyst Ratings Changes

FNV has been the subject of several recent research reports. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Scotiabank lowered their price target on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Jefferies Financial Group reduced their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, Royal Bank of Canada upped their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Franco-Nevada has an average rating of “Moderate Buy” and an average price target of $146.71.

Franco-Nevada Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.