Franco-Nevada Co. (NYSE:FNV) Shares Sold by Sapient Capital LLC

Sapient Capital LLC reduced its stake in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 6.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,121 shares of the basic materials company’s stock after selling 504 shares during the quarter. Sapient Capital LLC’s holdings in Franco-Nevada were worth $837,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in Franco-Nevada during the 4th quarter worth $47,000. Point72 DIFC Ltd acquired a new position in Franco-Nevada during the 3rd quarter worth $52,000. Erste Asset Management GmbH acquired a new position in shares of Franco-Nevada in the 3rd quarter valued at about $55,000. Birch Capital Management LLC boosted its holdings in shares of Franco-Nevada by 37.9% in the 4th quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock valued at $128,000 after buying an additional 298 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Franco-Nevada in the 3rd quarter valued at about $147,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Trading Down 0.2 %

NYSE FNV opened at $142.92 on Wednesday. Franco-Nevada Co. has a 52 week low of $103.64 and a 52 week high of $143.77. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of -45.23, a price-to-earnings-growth ratio of 9.88 and a beta of 0.74. The company has a 50-day moving average price of $126.00 and a two-hundred day moving average price of $124.98.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 a boost from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. Franco-Nevada’s dividend payout ratio (DPR) is -45.57%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a report on Tuesday. UBS Group assumed coverage on shares of Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 price target for the company. Jefferies Financial Group decreased their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.71.

Franco-Nevada 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.