Franco-Nevada Co. (NYSE:FNV) Holdings Increased by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. boosted its position in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,760 shares of the basic materials company’s stock after purchasing an additional 2,674 shares during the quarter. Franco-Nevada comprises 2.2% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 9th biggest position. Meixler Investment Management Ltd.’s holdings in Franco-Nevada were worth $2,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in Franco-Nevada in the 4th quarter worth approximately $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada during the 3rd quarter valued at $52,000. Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada during the 3rd quarter valued at $55,000. Principal Securities Inc. raised its position in shares of Franco-Nevada by 290.5% during the 4th quarter. Principal Securities Inc. now owns 863 shares of the basic materials company’s stock valued at $101,000 after buying an additional 642 shares in the last quarter. Finally, Birch Capital Management LLC raised its position in shares of Franco-Nevada by 37.9% during the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock valued at $128,000 after buying an additional 298 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FNV. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Royal Bank of Canada raised their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. HC Wainwright reaffirmed a “buy” rating and set a $155.00 target price on shares of Franco-Nevada in a report on Tuesday, January 28th. Finally, Scotiabank reduced their target price on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Moderate Buy” and an average price target of $146.71.

Franco-Nevada Stock Performance

NYSE FNV opened at $138.37 on Friday. Franco-Nevada Co. has a fifty-two week low of $103.64 and a fifty-two week high of $144.27. The stock has a 50 day simple moving average of $127.17 and a two-hundred day simple moving average of $125.31. The stock has a market cap of $26.64 billion, a P/E ratio of -43.79, a price-to-earnings-growth ratio of 9.88 and a beta of 0.74.

Franco-Nevada Increases Dividend

The company 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 1.10%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.36. Franco-Nevada’s dividend payout ratio (DPR) is presently -45.57%.

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.