United Community Bank Buys 240 Shares of Franco-Nevada Co. (NYSE:FNV)

United Community Bank grew its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 40.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 830 shares of the basic materials company’s stock after acquiring an additional 240 shares during the quarter. United Community Bank’s holdings in Franco-Nevada were worth $98,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Franco-Nevada by 76.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company’s stock worth $159,530,000 after buying an additional 556,894 shares during the last quarter. EdgePoint Investment Group Inc. lifted its position in shares of Franco-Nevada by 19.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company’s stock worth $411,003,000 after buying an additional 537,047 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Franco-Nevada by 11,659.0% during the 4th quarter. Proficio Capital Partners LLC now owns 482,707 shares of the basic materials company’s stock worth $56,762,000 after buying an additional 478,602 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Franco-Nevada by 13.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company’s stock worth $433,538,000 after buying an additional 424,810 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Franco-Nevada by 60.1% during the 3rd quarter. Two Sigma Advisers LP now owns 958,300 shares of the basic materials company’s stock worth $119,069,000 after buying an additional 359,900 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FNV has been the subject of a number of recent research reports. StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank of Canada upped their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. HC Wainwright reaffirmed a “buy” rating and issued a $155.00 target price on shares of Franco-Nevada in a report on Tuesday, January 28th. Finally, UBS Group initiated coverage on Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.71.

Franco-Nevada Trading Up 0.5 %

Shares of FNV stock opened at $143.36 on Monday. The stock has a market cap of $27.60 billion, a price-to-earnings ratio of -45.37, a PEG ratio of 9.78 and a beta of 0.73. The stock has a 50-day moving average of $133.80 and a 200-day moving average of $127.30. Franco-Nevada Co. has a 1-year low of $111.98 and a 1-year high of $146.70.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. Franco-Nevada’s dividend payout ratio is presently -48.10%.

Franco-Nevada Company 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.