Schwartz Investment Counsel Inc. Acquires 13,000 Shares of Franco-Nevada Co. (NYSE:FNV)

Schwartz Investment Counsel Inc. raised its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,200 shares of the basic materials company's stock after acquiring an additional 13,000 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.06% of Franco-Nevada worth $14,017,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FNV. HC Wainwright reissued a "buy" rating and issued a $155.00 price target on shares of Franco-Nevada in a research report 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. 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 report on Friday, November 8th. UBS Group assumed coverage on shares of Franco-Nevada in a report on Monday, November 18th. They issued a "buy" rating and a $160.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of "Moderate Buy" and an average price target of $146.71.

Franco-Nevada Stock Down 3.9 %

FNV traded down $5.61 during mid-day trading on Friday, reaching $138.37. 614,397 shares of the company traded hands, compared to its average volume of 604,619. The stock has a market capitalization of $26.64 billion, a P/E ratio of -43.79, a P/E/G ratio of 9.88 and a beta of 0.74. The company's fifty day moving average price is $127.17 and its 200-day moving average price is $125.32. Franco-Nevada Co. has a 52-week low of $103.64 and a 52-week high of $144.27.

Franco-Nevada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.38 per share. 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 1.10%. Franco-Nevada's payout ratio is currently -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.