Franco-Nevada Co. (NYSE:FNV) Holdings Lowered by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,636 shares of the basic materials company’s stock after selling 7,151 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Franco-Nevada were worth $7,365,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of Franco-Nevada by 2.3% in the 4th quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company’s stock worth $1,004,046,000 after buying an additional 193,968 shares in the last quarter. Victory Capital Management Inc. boosted 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 valued at $433,538,000 after purchasing an additional 424,810 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in shares of Franco-Nevada by 19.4% in 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 purchasing an additional 537,047 shares during the last quarter. M&G PLC raised its holdings in shares of Franco-Nevada by 3.2% in the 3rd quarter. M&G PLC now owns 1,679,858 shares of the basic materials company’s stock worth $208,645,000 after purchasing an additional 51,996 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Franco-Nevada by 2.2% during the third quarter. National Bank of Canada FI now owns 1,380,730 shares of the basic materials company’s stock valued at $171,513,000 after purchasing an additional 29,512 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on FNV. UBS Group began coverage on Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 price target on the stock. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. HC Wainwright restated a “buy” rating and set a $155.00 price objective on shares of Franco-Nevada in a report on Tuesday, January 28th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Scotiabank reduced 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. 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, Franco-Nevada currently has an average rating of “Moderate Buy” and a consensus target price of $146.71.

Franco-Nevada Trading Up 1.1 %

Shares of NYSE:FNV opened at $141.65 on Friday. Franco-Nevada Co. has a 1 year low of $103.64 and a 1 year high of $144.27. The business has a fifty day simple moving average of $128.57 and a 200 day simple moving average of $125.68.

Franco-Nevada Increases Dividend

The company 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 dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. Franco-Nevada’s dividend payout ratio (DPR) is -45.57%.

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.