Tevis Investment Management Grows Stock Position in Franco-Nevada Co. (NYSE:FNV)

Tevis Investment Management boosted its position in Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 31.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,957 shares of the basic materials company's stock after purchasing an additional 2,860 shares during the quarter. Tevis Investment Management's holdings in Franco-Nevada were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Mutual Advisors LLC lifted its holdings in shares of Franco-Nevada by 4.0% during the 4th quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock worth $309,000 after acquiring an additional 96 shares during the last quarter. Sustainable Insight Capital Management LLC lifted its stake in Franco-Nevada by 2.7% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock worth $441,000 after purchasing an additional 100 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Franco-Nevada by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock worth $185,000 after purchasing an additional 102 shares in the last quarter. Blossom Wealth Management grew its position in Franco-Nevada by 3.9% during the fourth quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company's stock valued at $335,000 after acquiring an additional 108 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Franco-Nevada by 4.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,715 shares of the basic materials company's stock valued at $319,000 after purchasing an additional 122 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FNV. HC Wainwright reiterated a "buy" rating and issued a $155.00 price objective on shares of Franco-Nevada in a research report on Tuesday, January 28th. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Jefferies Financial Group dropped their price target on Franco-Nevada from $137.00 to $136.00 and set a "hold" rating on the stock in a research report on Thursday, October 17th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada lifted their target price on 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 given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $146.71.

Franco-Nevada Price Performance

Shares of FNV stock traded down $0.35 during mid-day trading on Wednesday, hitting $142.43. The stock had a trading volume of 553,282 shares, compared to its average volume of 653,946. The firm has a market capitalization of $27.42 billion, a P/E ratio of -45.07, a price-to-earnings-growth ratio of 9.88 and a beta of 0.74. Franco-Nevada Co. has a 12-month low of $103.64 and a 12-month high of $143.77. The firm's 50-day moving average is $126.40 and its two-hundred day moving average is $125.10.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 1.07%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's dividend payout ratio is presently -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.