Sprott Inc. Boosts Holdings in Franco-Nevada Co. (NYSE:FNV)

Sprott Inc. grew its stake in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 234,136 shares of the basic materials company's stock after purchasing an additional 42,798 shares during the quarter. Franco-Nevada makes up approximately 1.6% of Sprott Inc.'s portfolio, making the stock its 17th biggest position. Sprott Inc. owned 0.12% of Franco-Nevada worth $27,530,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FNV. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Franco-Nevada by 76.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company's stock valued at $159,530,000 after acquiring an additional 556,894 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Franco-Nevada by 19.4% during the third quarter. EdgePoint Investment Group Inc. now owns 3,309,493 shares of the basic materials company's stock valued at $411,003,000 after acquiring an additional 537,047 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Franco-Nevada by 13.9% during the third quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company's stock valued at $433,538,000 after acquiring an additional 424,810 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of Franco-Nevada by 60.1% during the third quarter. Two Sigma Advisers LP now owns 958,300 shares of the basic materials company's stock valued at $119,069,000 after acquiring an additional 359,900 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Franco-Nevada by 2.3% during the fourth quarter. Van ECK Associates Corp now owns 8,538,788 shares of the basic materials company's stock valued at $1,004,046,000 after acquiring an additional 193,968 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FNV shares. UBS Group started coverage on Franco-Nevada in a report on Monday, November 18th. They set a "buy" rating and a $160.00 price target for the company. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Scotiabank reduced their price objective on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a report on Friday, November 8th. HC Wainwright reiterated a "buy" rating and issued a $155.00 price objective on shares of Franco-Nevada in a report on Tuesday, January 28th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $146.71.

Franco-Nevada Stock Up 1.3 %

NYSE:FNV traded up $1.87 on Friday, hitting $143.06. The stock had a trading volume of 1,193,406 shares, compared to its average volume of 623,981. The stock has a market cap of $27.55 billion, a price-to-earnings ratio of -45.27, a price-to-earnings-growth ratio of 9.78 and a beta of 0.74. The business's 50-day simple moving average is $130.79 and its two-hundred day simple moving average is $126.37. Franco-Nevada Co. has a 52-week low of $104.76 and a 52-week high of $144.27.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.06%. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. Franco-Nevada's dividend payout ratio (DPR) 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.