U S Global Investors Inc. Sells 2,455 Shares of Franco-Nevada Co. (NYSE:FNV)

U S Global Investors Inc. reduced its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 89,237 shares of the basic materials company’s stock after selling 2,455 shares during the period. Franco-Nevada comprises about 1.0% of U S Global Investors Inc.’s investment portfolio, making the stock its 18th biggest position. U S Global Investors Inc.’s holdings in Franco-Nevada were worth $10,493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Essex Financial Services Inc. boosted its position in shares of Franco-Nevada by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company’s stock valued at $458,000 after buying an additional 84 shares during the last quarter. Mutual Advisors LLC lifted its position in Franco-Nevada by 4.0% during the fourth quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company’s stock valued at $309,000 after purchasing an additional 96 shares during the period. Sustainable Insight Capital Management LLC lifted its position 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 valued at $441,000 after purchasing an additional 100 shares during the period. Huntington National Bank boosted its holdings in Franco-Nevada by 7.4% in the third 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 during the last quarter. Finally, Blossom Wealth Management raised its stake in Franco-Nevada by 3.9% during the 4th quarter. Blossom Wealth Management now owns 2,853 shares of the basic materials company’s stock valued at $335,000 after buying an additional 108 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

NYSE FNV opened at $141.26 on Friday. Franco-Nevada Co. has a one year low of $103.64 and a one year high of $144.27. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of -44.70, a price-to-earnings-growth ratio of 9.78 and a beta of 0.74. The company’s 50-day simple moving average is $130.79 and its two-hundred day simple moving average is $126.37.

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 issued 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 yield of 1.08%. Franco-Nevada’s payout ratio is currently -48.10%.

Analyst Ratings Changes

Several research analysts have issued reports on FNV shares. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Scotiabank lowered their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research note on Friday, November 8th. HC Wainwright restated a “buy” rating and set a $155.00 target price on shares of Franco-Nevada in a research report on Tuesday, January 28th. Royal Bank of Canada increased their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.71.

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.