Franco-Nevada Corporation $FNV Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies trimmed its stake in Franco‑Nevada by 3.9% in Q3, selling 10,129 shares and leaving it with 252,318 shares (about 0.13% of the company) valued at roughly $56.24 million.
• Franco‑Nevada raised its quarterly dividend to $0.44 (up from $0.38), an annualized $1.76 (yield ~0.7%), with an ex‑dividend date of March 12 and payment on March 26.
• Multiple analyst upgrades have pushed sentiment higher — including RBC moving to "outperform" with a $250 target and Scotiabank lifting its target to $283 — leaving a consensus rating of Moderate Buy and a mean target of $254.38.

American Century Companies Inc. lessened its position in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 252,318 shares of the basic materials company's stock after selling 10,129 shares during the period. American Century Companies Inc. owned approximately 0.13% of Franco-Nevada worth $56,241,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on FNV. Royal Bank Of Canada raised shares of Franco-Nevada from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $225.00 to $250.00 in a research note on Wednesday, December 10th. Weiss Ratings raised Franco-Nevada from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, February 4th. Scotiabank raised their price objective on Franco-Nevada from $225.00 to $283.00 and gave the stock a "sector perform" rating in a research note on Monday, January 26th. Finally, Wall Street Zen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $254.38.

Franco-Nevada Trading Down 2.8%

NYSE:FNV opened at $254.72 on Friday. The business's fifty day moving average price is $244.55 and its 200 day moving average price is $215.91. The firm has a market capitalization of $49.11 billion, a price-to-earnings ratio of 53.40, a PEG ratio of 3.48 and a beta of 0.45. Franco-Nevada Corporation has a 1-year low of $140.03 and a 1-year high of $285.67.

Franco-Nevada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend 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 payout ratio is currently 31.87%.

About Franco-Nevada

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.

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