Franco-Nevada Co. (NYSE:FNV) Stock Holdings Boosted by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. grew its holdings in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,200 shares of the basic materials company’s stock after purchasing an additional 13,000 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.06% of Franco-Nevada worth $14,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Covea Finance lifted its holdings in shares of Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company’s stock valued at $11,895,000 after purchasing an additional 2,700 shares during the last quarter. M&G PLC lifted its stake in Franco-Nevada by 3.2% during the third quarter. M&G PLC now owns 1,679,858 shares of the basic materials company’s stock valued at $208,645,000 after buying an additional 51,996 shares in the last quarter. Telemark Asset Management LLC boosted its holdings in shares of Franco-Nevada by 66.7% in the third quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company’s stock worth $6,212,000 after buying an additional 20,000 shares during the period. Horizon Kinetics Asset Management LLC increased its position in shares of Franco-Nevada by 1.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 935,834 shares of the basic materials company’s stock worth $116,277,000 after acquiring an additional 17,232 shares in the last quarter. Finally, Victory Capital Management Inc. raised 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 during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Scotiabank decreased their target price on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. HC Wainwright reiterated a “buy” rating and issued a $155.00 price objective on shares of Franco-Nevada in a research note on Tuesday, January 28th. UBS Group initiated coverage on shares of Franco-Nevada in a report on Monday, November 18th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Royal Bank of Canada upped their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Franco-Nevada has an average rating of “Moderate Buy” and an average price target of $146.71.

Franco-Nevada Price Performance

Shares of FNV opened at $142.92 on Wednesday. The company has a market capitalization of $27.52 billion, a PE ratio of -45.23, a price-to-earnings-growth ratio of 9.88 and a beta of 0.74. Franco-Nevada Co. has a one year low of $103.64 and a one year high of $143.77. The company’s fifty day moving average price is $126.00 and its 200 day moving average price is $124.98.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. Franco-Nevada’s payout ratio is presently -45.57%.

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.