Franco-Nevada Co. (NYSE:FNV) Short Interest Update

Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,770,000 shares, a drop of 14.1% from the January 15th total of 2,060,000 shares. Currently, 0.9% of the company's shares are short sold. Based on an average daily trading volume, of 685,700 shares, the short-interest ratio is presently 2.6 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Laurel Wealth Advisors LLC acquired a new position in Franco-Nevada in the fourth quarter valued at $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada in the third quarter valued at about $52,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Franco-Nevada in the fourth quarter valued at about $49,000. Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada in the third quarter valued at about $55,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 93 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 1.1 %

NYSE:FNV traded up $1.59 during midday trading on Thursday, hitting $141.65. 654,645 shares of the company were exchanged, compared to its average volume of 650,407. The company has a fifty day simple moving average of $128.57 and a 200 day simple moving average of $125.68. Franco-Nevada has a fifty-two week low of $103.64 and a fifty-two week high of $144.27. The company has a market capitalization of $27.27 billion, a PE ratio of -44.83, a price-to-earnings-growth ratio of 9.71 and a beta of 0.74.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. Franco-Nevada's payout ratio is currently -45.57%.

Analyst Upgrades and Downgrades

FNV has been the subject of a number of recent analyst reports. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. HC Wainwright reaffirmed a "buy" rating and set a $155.00 price objective on shares of Franco-Nevada in a research report on Tuesday, January 28th. Royal Bank of Canada raised their price target 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. UBS Group started coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They issued a "buy" rating and a $160.00 price target for the company. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.