Mn Services Vermogensbeheer B.V. Has $3.94 Million Stock Holdings in Franco-Nevada Co. (NYSE:FNV)

Mn Services Vermogensbeheer B.V. grew its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,522 shares of the basic materials company’s stock after acquiring an additional 1,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Franco-Nevada were worth $3,937,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in Franco-Nevada by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company’s stock worth $1,004,046,000 after acquiring an additional 193,968 shares in the last quarter. Victory Capital Management Inc. grew its position in Franco-Nevada by 13.9% in the third quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company’s stock worth $433,538,000 after acquiring an additional 424,810 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in Franco-Nevada by 19.4% in the third quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company’s stock worth $411,003,000 after acquiring an additional 537,047 shares in the last quarter. M&G PLC grew its position in Franco-Nevada by 3.2% in the third quarter. M&G PLC now owns 1,679,858 shares of the basic materials company’s stock worth $208,645,000 after acquiring an additional 51,996 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Franco-Nevada by 2.2% in the third quarter. National Bank of Canada FI now owns 1,380,730 shares of the basic materials company’s stock worth $171,513,000 after acquiring an additional 29,512 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $143.06 on Friday. Franco-Nevada Co. has a fifty-two week low of $107.05 and a fifty-two week high of $144.27. The firm has a fifty day moving average price of $131.33 and a two-hundred day moving average price of $126.51. The company has a market cap of $27.55 billion, a PE ratio of -45.27, a price-to-earnings-growth ratio of 9.78 and a beta of 0.74.

Franco-Nevada Increases Dividend

The business 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. 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 yield of 1.06%. Franco-Nevada’s dividend payout ratio is -48.10%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. HC Wainwright reissued a “buy” rating and issued a $155.00 target price on shares of Franco-Nevada in a research report on Tuesday, January 28th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. 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, February 11th. Scotiabank decreased their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Finally, UBS Group initiated coverage on shares of Franco-Nevada in a report on Monday, November 18th. They set a “buy” rating and a $160.00 price objective for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.