Fiera Capital Corp Sells 13,727 Shares of Franco-Nevada Co. (NYSE:FNV)

Fiera Capital Corp trimmed its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 339,711 shares of the basic materials company’s stock after selling 13,727 shares during the period. Fiera Capital Corp owned approximately 0.18% of Franco-Nevada worth $39,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new position in shares of Franco-Nevada in the 4th quarter valued at approximately $47,000. Point72 DIFC Ltd acquired a new position in Franco-Nevada during the 3rd quarter valued at approximately $52,000. Erste Asset Management GmbH purchased a new position in shares of Franco-Nevada in the third quarter worth $55,000. Birch Capital Management LLC lifted its stake in shares of Franco-Nevada by 37.9% during the fourth quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after buying an additional 298 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Franco-Nevada during the third quarter valued at $147,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FNV shares. Scotiabank lowered their price target on 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. Jefferies Financial Group decreased their target price on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, HC Wainwright reiterated a “buy” rating and issued a $155.00 price objective on shares of Franco-Nevada in a research note on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.71.

Franco-Nevada Stock Performance

FNV stock opened at $144.00 on Friday. Franco-Nevada Co. has a one year low of $103.64 and a one year high of $144.27. The firm’s fifty day moving average is $126.81 and its 200 day moving average is $125.23. The firm has a market cap of $27.73 billion, a PE ratio of -45.57, a P/E/G ratio of 9.88 and a beta of 0.74.

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 given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 13th. This is a boost 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 1.06%. Franco-Nevada’s dividend payout ratio (DPR) is -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.