Franco-Nevada Co. (NYSE:FNV) Shares Acquired by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. boosted its holdings in Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 72.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 293,943 shares of the basic materials company’s stock after acquiring an additional 123,184 shares during the quarter. Franco-Nevada comprises approximately 1.2% of Mufg Securities Canada LTD.’s portfolio, making the stock its 20th biggest holding. Mufg Securities Canada LTD. owned about 0.15% of Franco-Nevada worth $34,519,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new position in Franco-Nevada in the 4th quarter valued at about $47,000. Point72 DIFC Ltd acquired a new stake in Franco-Nevada in the third quarter valued at approximately $52,000. Harbour Investments Inc. raised its stake in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 93 shares during the period. Erste Asset Management GmbH acquired a new stake in Franco-Nevada during the 3rd quarter valued at $55,000. Finally, SBI Securities Co. Ltd. purchased a new position in Franco-Nevada in the 4th quarter valued at about $73,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FNV. Raymond James increased their price objective on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Royal Bank of Canada lifted their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. UBS Group raised their price objective on Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. HC Wainwright boosted their target price on shares of Franco-Nevada from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Finally, StockNews.com raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $153.63.

Franco-Nevada Trading Down 0.0 %

Shares of NYSE FNV opened at $155.74 on Wednesday. The company has a market capitalization of $29.99 billion, a price-to-earnings ratio of -49.28, a PEG ratio of 9.78 and a beta of 0.73. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $158.52. The firm has a 50-day moving average of $140.84 and a two-hundred day moving average of $129.88.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. As a group, research analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid 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 dividend on an annualized basis and a yield of 0.98%. Franco-Nevada’s payout ratio is 53.15%.

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.