Franco-Nevada Co. (NYSE:FNV) Position Raised by Hudson Value Partners LLC

Hudson Value Partners LLC grew its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,279 shares of the basic materials company's stock after buying an additional 1,790 shares during the quarter. Franco-Nevada accounts for 1.4% of Hudson Value Partners LLC's portfolio, making the stock its 26th largest position. Hudson Value Partners LLC's holdings in Franco-Nevada were worth $3,796,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Franco-Nevada by 76.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company's stock worth $159,530,000 after acquiring an additional 556,894 shares during the period. EdgePoint Investment Group Inc. boosted its stake in shares of Franco-Nevada by 19.4% in the third quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company's stock valued at $411,003,000 after purchasing an additional 537,047 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Franco-Nevada by 13.9% in the third quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company's stock valued at $433,538,000 after purchasing an additional 424,810 shares during the period. Two Sigma Advisers LP grew 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 valued at $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% during 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 buying an additional 193,968 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Franco-Nevada Price Performance

FNV traded down $3.22 during trading hours on Friday, hitting $138.51. 449,391 shares of the stock were exchanged, compared to its average volume of 642,831. The stock has a market cap of $26.67 billion, a price-to-earnings ratio of -43.83, a price-to-earnings-growth ratio of 9.66 and a beta of 0.74. The stock has a 50-day simple moving average of $128.57 and a 200-day simple moving average of $125.68. Franco-Nevada Co. has a 12 month low of $103.64 and a 12 month high of $144.27.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.38 dividend. This is an increase 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 1.10%. The ex-dividend date is Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) is presently -45.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Scotiabank decreased 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. Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. HC Wainwright restated a "buy" rating and set a $155.00 price objective on shares of Franco-Nevada in a research note on Tuesday, January 28th. Canaccord Genuity Group raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Finally, UBS Group began coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They set a "buy" rating and a $160.00 price target for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.