Mitsubishi UFJ Trust & Banking Corp Has $2.75 Million Stock Holdings in Franco-Nevada Corporation $FNV

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,400 shares of the basic materials company’s stock after selling 2,600 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Franco-Nevada were worth $2,745,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Franco-Nevada by 112.3% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock worth $25,000 after buying an additional 64 shares during the last quarter. Burkett Financial Services LLC acquired a new position in Franco-Nevada during the third quarter worth $28,000. Private Trust Co. NA acquired a new position in Franco-Nevada during the fourth quarter worth $29,000. Smartleaf Asset Management LLC raised its holdings in Franco-Nevada by 600.0% during the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock worth $32,000 after buying an additional 168 shares during the last quarter. Finally, Stephens Consulting LLC acquired a new position in Franco-Nevada during the fourth quarter worth $36,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FNV shares. Wall Street Zen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Franco-Nevada in a report on Wednesday, February 4th. Zacks Research downgraded shares of Franco-Nevada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings upgraded shares of Franco-Nevada from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 20th. Finally, UBS Group restated a “buy” rating and set a $310.00 price objective on shares of Franco-Nevada in a report on Friday, January 30th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $257.25.

Franco-Nevada Price Performance

Shares of FNV stock opened at $226.09 on Monday. The firm has a 50-day moving average of $252.85 and a 200-day moving average of $229.51. The company has a market cap of $43.60 billion, a P/E ratio of 39.25, a P/E/G ratio of 2.18 and a beta of 0.35. Franco-Nevada Corporation has a one year low of $152.89 and a one year high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its earnings results on Tuesday, March 10th. The basic materials company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.67 by $0.18. The company had revenue of $597.30 million during the quarter, compared to the consensus estimate of $542.02 million. Franco-Nevada had a net margin of 61.01% and a return on equity of 15.62%. The firm’s revenue for the quarter was up 86.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. As a group, research analysts expect that Franco-Nevada Corporation will post 7.92 earnings per share for the current fiscal year.

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.