WR Wealth Planners LLC Sells 804 Shares of Franco-Nevada Co. (NYSE:FNV)

WR Wealth Planners LLC lessened its stake in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 47.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 900 shares of the basic materials company’s stock after selling 804 shares during the quarter. WR Wealth Planners LLC’s holdings in Franco-Nevada were worth $106,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of Franco-Nevada during the fourth quarter valued at approximately $47,000. Point72 DIFC Ltd bought a new stake in Franco-Nevada during the third quarter valued at $52,000. Erste Asset Management GmbH bought a new stake in Franco-Nevada during the third quarter valued at $55,000. Principal Securities Inc. boosted its stake in Franco-Nevada by 290.5% during the fourth quarter. Principal Securities Inc. now owns 863 shares of the basic materials company’s stock valued at $101,000 after buying an additional 642 shares during the period. Finally, Birch Capital Management LLC lifted its stake in Franco-Nevada by 37.9% during the fourth quarter. Birch Capital Management LLC now owns 1,085 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 298 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

FNV has been the subject of several research analyst reports. UBS Group assumed coverage on Franco-Nevada in a research note 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 decreased their price objective on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.71.

Franco-Nevada Trading Up 1.3 %

FNV stock opened at $143.06 on Friday. The stock has a market capitalization of $27.55 billion, a PE ratio of -45.27, a price-to-earnings-growth ratio of 9.78 and a beta of 0.74. Franco-Nevada Co. has a 12-month low of $107.05 and a 12-month high of $144.27. The stock’s 50 day simple moving average is $131.33 and its 200 day simple moving average is $126.51.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given 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 yield of 1.06%. Franco-Nevada’s dividend payout ratio is -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.