150,000 Shares in Franco-Nevada Corporation $FNV Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc acquired a new position in Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 150,000 shares of the basic materials company’s stock, valued at approximately $31,100,000. MUFG Securities EMEA plc owned 0.08% of Franco-Nevada as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNV. GAMMA Investing LLC boosted its stake in Franco-Nevada by 112.3% in the 4th quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 64 shares during the period. Burkett Financial Services LLC acquired a new position in Franco-Nevada in the 3rd quarter worth approximately $28,000. Private Trust Co. NA acquired a new position in Franco-Nevada in the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its stake 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 worth $32,000 after purchasing an additional 168 shares during the period. Finally, Navalign LLC acquired a new position in Franco-Nevada in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Stock Up 2.3%

Shares of NYSE:FNV opened at $230.82 on Friday. The firm has a fifty day moving average of $239.70 and a two-hundred day moving average of $234.11. The firm has a market capitalization of $44.52 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.34. Franco-Nevada Corporation has a 12-month low of $152.89 and a 12-month high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.29. The company had revenue of $650.70 million during the quarter, compared to analyst estimates of $634.43 million. Franco-Nevada had a net margin of 65.12% and a return on equity of 18.10%. The company’s revenue for the quarter was up 76.6% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. Equities research analysts expect that Franco-Nevada Corporation will post 8.85 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. Franco-Nevada’s dividend payout ratio (DPR) is 24.79%.

Analyst Ratings Changes

FNV has been the subject of a number of recent analyst reports. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and set a $291.00 price objective for the company in a research note on Wednesday, May 20th. Scotiabank raised their price objective on shares of Franco-Nevada from $286.00 to $290.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, April 29th. Zacks Research lowered shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Franco-Nevada in a research note on Wednesday, February 4th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of “Moderate Buy” and an average target price of $271.00.

Franco-Nevada 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.