Pring Turner Capital Group Inc. Sells 1,952 Shares of Franco-Nevada Co. (NYSE:FNV)

Pring Turner Capital Group Inc. trimmed its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,075 shares of the basic materials company's stock after selling 1,952 shares during the quarter. Franco-Nevada accounts for about 1.2% of Pring Turner Capital Group Inc.'s holdings, making the stock its 29th largest position. Pring Turner Capital Group Inc.'s holdings in Franco-Nevada were worth $1,773,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada in the fourth quarter worth $47,000. Point72 DIFC Ltd purchased a new stake in shares of Franco-Nevada in the 3rd quarter valued at about $52,000. Erste Asset Management GmbH bought 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 during the last quarter. Finally, Birch Capital Management LLC grew its holdings in shares of Franco-Nevada by 37.9% during the fourth 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. Hedge funds and other institutional investors own 77.06% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have recently commented on FNV shares. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Royal Bank of Canada raised their price target 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. HC Wainwright reiterated a "buy" rating and set a $155.00 price objective on shares of Franco-Nevada in a research report on Tuesday, January 28th. Finally, UBS Group initiated coverage on Franco-Nevada in a research report on Monday, November 18th. They issued a "buy" rating and a $160.00 target price for the company. Five investment 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $146.71.

Franco-Nevada Trading Up 1.3 %

Shares of NYSE:FNV traded up $1.87 during trading on Friday, reaching $143.06. 1,193,406 shares of the company traded hands, compared to its average volume of 624,348. Franco-Nevada Co. has a 52-week low of $104.67 and a 52-week high of $144.27. The firm has a market capitalization of $27.55 billion, a price-to-earnings ratio of -45.27, a P/E/G ratio of 9.78 and a beta of 0.74. The business's fifty day moving average is $130.79 and its 200-day moving average is $126.37.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.38 per share. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.06%. Franco-Nevada's dividend payout ratio is presently -48.10%.

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.