U S Global Investors Inc. Sells 2,455 Shares of Franco-Nevada Co. (NYSE:FNV)

U S Global Investors Inc. reduced its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,237 shares of the basic materials company’s stock after selling 2,455 shares during the quarter. Franco-Nevada comprises 1.0% of U S Global Investors Inc.’s holdings, making the stock its 18th largest position. U S Global Investors Inc.’s holdings in Franco-Nevada were worth $10,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FNV. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada during the fourth quarter worth approximately $47,000. Point72 DIFC Ltd acquired a new position in shares of Franco-Nevada in the third quarter valued at about $52,000. Erste Asset Management GmbH bought a new position in Franco-Nevada during the third quarter worth about $55,000. Principal Securities Inc. raised its stake 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 purchasing an additional 642 shares in the last quarter. 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 valued at $128,000 after purchasing an additional 298 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Price Performance

FNV opened at $141.26 on Friday. Franco-Nevada Co. has a fifty-two week low of $103.64 and a fifty-two week high of $144.27. The firm has a market capitalization of $27.20 billion, a P/E ratio of -44.70, a PEG ratio of 9.78 and a beta of 0.74. The company’s 50-day moving average is $130.79 and its 200 day moving average is $126.37.

Franco-Nevada Increases Dividend

The firm also recently announced 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 represents a $1.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Thursday, March 13th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s payout ratio is presently -48.10%.

Analysts Set New Price Targets

Several research analysts have recently commented on FNV shares. Royal Bank of Canada raised their target price 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. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Scotiabank lowered 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 research report on Friday, November 8th. Finally, HC Wainwright reissued a “buy” rating and set a $155.00 price target on shares of Franco-Nevada in a research note on Tuesday, January 28th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.71.

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.