Meixler Investment Management Ltd. Has $2.91 Million Stake in Franco-Nevada Co. (NYSE:FNV)

Meixler Investment Management Ltd. raised its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 12.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,760 shares of the basic materials company's stock after purchasing an additional 2,674 shares during the quarter. Franco-Nevada accounts for about 2.2% of Meixler Investment Management Ltd.'s investment portfolio, making the stock its 9th biggest position. Meixler Investment Management Ltd.'s holdings in Franco-Nevada were worth $2,912,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada during the 4th quarter worth about $47,000. Point72 DIFC Ltd bought a new position in shares of Franco-Nevada during the 3rd quarter worth about $52,000. Erste Asset Management GmbH acquired a new stake in shares of Franco-Nevada during the 3rd quarter valued at about $55,000. Principal Securities Inc. boosted its position in shares of Franco-Nevada by 290.5% during the 4th quarter. Principal Securities Inc. now owns 863 shares of the basic materials company's stock valued at $101,000 after acquiring an additional 642 shares in the last quarter. Finally, Birch Capital Management LLC boosted its position in shares of Franco-Nevada by 37.9% during the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company's stock valued at $128,000 after acquiring an additional 298 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Ratings Changes

FNV has been the topic of several recent research reports. Scotiabank decreased their target price on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating on the stock in a research report on Friday, November 8th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Royal Bank of Canada lifted their target price 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. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Finally, UBS Group initiated coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They set a "buy" rating and a $160.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $146.71.

Franco-Nevada Stock Performance

Shares of NYSE FNV traded up $1.59 during trading on Thursday, reaching $141.65. The company had a trading volume of 654,645 shares, compared to its average volume of 650,407. Franco-Nevada Co. has a 52 week low of $103.64 and a 52 week high of $144.27. The stock has a market cap of $27.27 billion, a PE ratio of -44.83, a PEG ratio of 9.71 and a beta of 0.74. The business's 50 day moving average price is $128.57 and its 200-day moving average price is $125.68.

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 $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. 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 1.07%. Franco-Nevada's payout ratio is currently -45.57%.

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.