Pring Turner Capital Group Inc. Decreases Stake in Franco-Nevada Co. (NYSE:FNV)

Pring Turner Capital Group Inc. lowered its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,075 shares of the basic materials company’s stock after selling 1,952 shares during the quarter. Franco-Nevada comprises approximately 1.2% of Pring Turner Capital Group Inc.’s holdings, making the stock its 29th largest holding. Pring Turner Capital Group Inc.’s holdings in Franco-Nevada were worth $1,773,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada during the 4th quarter worth about $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada during the 3rd quarter worth about $52,000. Erste Asset Management GmbH purchased a new position in Franco-Nevada in the 3rd quarter worth approximately $55,000. Principal Securities Inc. boosted its holdings in Franco-Nevada by 290.5% in the 4th quarter. Principal Securities Inc. now owns 863 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 642 shares during the period. Finally, Birch Capital Management LLC boosted its holdings in Franco-Nevada by 37.9% in the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 298 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Up 0.7 %

Shares of FNV opened at $139.72 on Tuesday. The business’s 50 day moving average is $129.37 and its two-hundred day moving average is $126.04. Franco-Nevada Co. has a 52-week low of $103.64 and a 52-week high of $144.27. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of -44.21, a PEG ratio of 9.78 and a beta of 0.74.

Franco-Nevada Increases Dividend

The company also recently declared 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 a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s dividend payout ratio is currently -48.10%.

Analysts Set New Price Targets

FNV has been the subject of a number of analyst reports. HC Wainwright restated a “buy” rating and issued a $155.00 price target on shares of Franco-Nevada in a report on Tuesday, January 28th. UBS Group initiated coverage on Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 price target for the company. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Royal Bank of Canada upped their price target on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Finally, Scotiabank decreased their price target on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Franco-Nevada presently 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.