Fiera Capital Corp Lowers Holdings in Franco-Nevada Co. (NYSE:FNV)

Fiera Capital Corp cut its holdings in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 339,711 shares of the basic materials company's stock after selling 13,727 shares during the quarter. Fiera Capital Corp owned 0.18% of Franco-Nevada worth $39,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Franco-Nevada by 76.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company's stock worth $159,530,000 after buying an additional 556,894 shares in the last quarter. EdgePoint Investment Group Inc. lifted its position in shares of Franco-Nevada by 19.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company's stock valued at $411,003,000 after buying an additional 537,047 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Franco-Nevada by 13.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company's stock worth $433,538,000 after purchasing an additional 424,810 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Franco-Nevada by 60.1% during the 3rd quarter. Two Sigma Advisers LP now owns 958,300 shares of the basic materials company's stock worth $119,069,000 after purchasing an additional 359,900 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Franco-Nevada by 2.3% in the 4th quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company's stock worth $1,004,046,000 after acquiring an additional 193,968 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Price Performance

Shares of FNV traded down $5.61 during trading hours on Monday, hitting $138.37. The stock had a trading volume of 614,397 shares, compared to its average volume of 604,619. Franco-Nevada Co. has a 12 month low of $103.64 and a 12 month high of $144.27. The firm has a market capitalization of $26.64 billion, a PE ratio of -43.79, a PEG ratio of 9.88 and a beta of 0.74. The stock has a fifty day moving average price of $127.49 and a 200 day moving average price of $125.36.

Franco-Nevada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.38 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.10%. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is presently -45.57%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group assumed coverage on Franco-Nevada in a research report on Monday, November 18th. They set a "buy" rating and a $160.00 price objective on the stock. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Royal Bank of Canada increased their price objective on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. HC Wainwright restated a "buy" rating and issued a $155.00 target price on shares of Franco-Nevada in a research note on Tuesday, January 28th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.