Franco-Nevada Co. (NYSE:FNV) Stake Raised by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC grew its stake in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 988,033 shares of the basic materials company's stock after acquiring an additional 52,199 shares during the period. Franco-Nevada accounts for 1.4% of Horizon Kinetics Asset Management LLC's holdings, making the stock its 8th biggest holding. Horizon Kinetics Asset Management LLC owned about 0.51% of Franco-Nevada worth $116,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Covea Finance increased its stake in shares of Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock valued at $11,895,000 after buying an additional 2,700 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Franco-Nevada by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after acquiring an additional 16,029 shares in the last quarter. Telemark Asset Management LLC increased its position in Franco-Nevada by 66.7% during the 3rd quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company's stock valued at $6,212,000 after purchasing an additional 20,000 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Franco-Nevada by 113.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock valued at $601,000 after purchasing an additional 2,710 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Franco-Nevada in the 3rd quarter worth approximately $717,000. 77.06% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

FNV has been the topic of several research reports. Scotiabank lifted their price objective on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a report on Tuesday, March 11th. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a report on Tuesday, March 11th. Raymond James boosted their price target on Franco-Nevada from $160.00 to $162.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Royal Bank of Canada raised their price objective on Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. Finally, UBS Group boosted their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $153.63.

Franco-Nevada Trading Up 0.2 %

Shares of FNV stock traded up $0.32 during trading hours on Friday, reaching $155.85. 808,947 shares of the company's stock were exchanged, compared to its average volume of 619,334. Franco-Nevada Co. has a 1 year low of $112.70 and a 1 year high of $156.98. The stock has a market cap of $30.01 billion, a PE ratio of -49.32, a PEG ratio of 9.78 and a beta of 0.73. The stock's fifty day moving average price is $139.06 and its two-hundred day moving average price is $128.98.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. During the same period last year, the firm posted $0.90 EPS. Franco-Nevada's revenue was up 5.8% on a year-over-year basis. On average, equities analysts expect that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 13th. Franco-Nevada's dividend payout ratio is presently 53.15%.

About Franco-Nevada

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.