America First Investment Advisors LLC Has $35.21 Million Stake in Franco-Nevada Corporation $FNV

America First Investment Advisors LLC decreased its position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 4.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 157,936 shares of the basic materials company’s stock after selling 7,137 shares during the period. Franco-Nevada comprises 6.5% of America First Investment Advisors LLC’s portfolio, making the stock its 2nd biggest position. America First Investment Advisors LLC owned about 0.08% of Franco-Nevada worth $35,205,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MTM Investment Management LLC acquired a new stake in shares of Franco-Nevada in the second quarter valued at approximately $32,000. Smartleaf Asset Management LLC grew its position in Franco-Nevada by 600.0% in the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 168 shares in the last quarter. Golden State Wealth Management LLC grew its position in Franco-Nevada by 78.3% in the second quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 90 shares in the last quarter. CENTRAL TRUST Co increased its stake in Franco-Nevada by 590.9% in the 2nd quarter. CENTRAL TRUST Co now owns 228 shares of the basic materials company’s stock valued at $37,000 after buying an additional 195 shares during the last quarter. Finally, City Holding Co. bought a new stake in Franco-Nevada during the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Stock Up 3.9%

NYSE:FNV opened at $270.67 on Tuesday. Franco-Nevada Corporation has a 12-month low of $137.05 and a 12-month high of $273.55. The firm has a market capitalization of $52.19 billion, a price-to-earnings ratio of 56.74, a P/E/G ratio of 1.29 and a beta of 0.47. The stock’s 50 day moving average price is $235.23 and its two-hundred day moving average price is $211.15.

Franco-Nevada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, March 12th. Franco-Nevada’s dividend payout ratio (DPR) is presently 31.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FNV shares. Jefferies Financial Group restated a “hold” rating and issued a $228.00 price objective on shares of Franco-Nevada in a report on Sunday, December 7th. Scotiabank increased their price target on Franco-Nevada from $225.00 to $283.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Weiss Ratings raised Franco-Nevada from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Franco-Nevada in a research note on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average price target of $254.38.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.