Franco-Nevada Co. (NYSE:FNV) Shares Sold by Andra AP fonden

Andra AP fonden trimmed its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 64.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,200 shares of the basic materials company’s stock after selling 18,700 shares during the period. Andra AP fonden’s holdings in Franco-Nevada were worth $1,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FNV. Confluence Investment Management LLC grew its holdings in Franco-Nevada by 9.4% during the third quarter. Confluence Investment Management LLC now owns 5,325 shares of the basic materials company’s stock worth $662,000 after acquiring an additional 456 shares during the period. Sustainable Insight Capital Management LLC acquired a new stake in Franco-Nevada in the third quarter valued at approximately $454,000. Privium Fund Management B.V. grew its holdings in Franco-Nevada by 155.7% in the third quarter. Privium Fund Management B.V. now owns 6,061 shares of the basic materials company’s stock valued at $753,000 after purchasing an additional 3,691 shares during the period. Meixler Investment Management Ltd. grew its holdings in Franco-Nevada by 2.9% in the third quarter. Meixler Investment Management Ltd. now owns 22,086 shares of the basic materials company’s stock valued at $2,744,000 after purchasing an additional 626 shares during the period. Finally, Waverton Investment Management Ltd grew its holdings in Franco-Nevada by 2.9% in the third quarter. Waverton Investment Management Ltd now owns 5,405 shares of the basic materials company’s stock valued at $671,000 after purchasing an additional 151 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FNV has been the topic of several research analyst reports. StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Friday. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. HC Wainwright reissued a “buy” rating and issued a $155.00 price objective on shares of Franco-Nevada in a report on Tuesday, January 28th. Royal Bank of Canada raised their price objective on Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and an average target price of $146.71.

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock opened at $143.36 on Monday. Franco-Nevada Co. has a one year low of $111.98 and a one year high of $146.70. The company 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 business’s 50 day moving average price is $133.80 and its 200 day moving average price is $127.30.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.38 per share. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.06%. Franco-Nevada’s dividend payout ratio (DPR) is presently -48.10%.

About Franco-Nevada

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.