Franco-Nevada Co. (NYSE:FNV) is Atlas Wealth Partners LLC’s 5th Largest Position

Atlas Wealth Partners LLC cut its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,153 shares of the basic materials company’s stock after selling 467 shares during the quarter. Franco-Nevada comprises 3.7% of Atlas Wealth Partners LLC’s holdings, making the stock its 5th largest position. Atlas Wealth Partners LLC’s holdings in Franco-Nevada were worth $2,958,000 as of its most recent SEC filing.

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

Franco-Nevada Trading Down 0.2 %

Shares of FNV opened at $142.92 on Wednesday. Franco-Nevada Co. has a 12 month low of $103.64 and a 12 month high of $143.77. The stock’s 50 day moving average is $126.00 and its two-hundred day moving average is $124.98. The firm has a market cap of $27.52 billion, a P/E ratio of -45.23, a PEG ratio of 9.88 and a beta of 0.74.

Franco-Nevada Increases Dividend

The firm also recently disclosed 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. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, March 13th. Franco-Nevada’s dividend payout ratio (DPR) is presently -45.57%.

Analyst Upgrades and Downgrades

FNV has been the topic of a number of research reports. Scotiabank cut 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. UBS Group initiated coverage on Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 price objective on the stock. Jefferies Financial Group dropped their target price on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. HC Wainwright reaffirmed a “buy” rating and set a $155.00 target price on shares of Franco-Nevada in a report on Tuesday, January 28th. Finally, Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.