Franco-Nevada Corporation (FNV) : Cibc Asset Management Inc reduced its stake in Franco-Nevada Corporation by 3.43% during the most recent quarter end. The investment management company now holds a total of 1,413,484 shares of Franco-Nevada Corporation which is valued at $110,152,808 after selling 50,210 shares in Franco-Nevada Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Franco-Nevada Corporation makes up approximately 0.81% of Cibc Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in FNV in the latest quarter, The investment management firm added 14,800 additional shares and now holds a total of 289,598 shares of Franco-Nevada Corporation which is valued at $22,568,372. Franco-Nevada Corporation makes up approx 0.07% of Mizuho Trust Banking Ltd.’s portfolio.American Century Companies Inc reduced its stake in FNV by selling 90,954 shares or 22.56% in the most recent quarter. The Hedge Fund company now holds 312,294 shares of FNV which is valued at $23,456,402. Franco-Nevada Corporation makes up approx 0.03% of American Century Companies Inc’s portfolio.Puplava Financial Services reduced its stake in FNV by selling 250 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 7,188 shares of FNV which is valued at $546,504. Franco-Nevada Corporation makes up approx 0.31% of Puplava Financial Services’s portfolio.
Franco-Nevada Corporation opened for trading at $77.11 and hit $78.4 on the upside on Monday, eventually ending the session at $77.63, with a gain of 0.67% or 0.52 points. The heightened volatility saw the trading volume jump to 5,66,266 shares. Company has a market cap of $13,800 M.
On the company’s financial health, Franco-Nevada Corporation reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.20. The company had revenue of $150.90 million for the quarter, compared to analysts expectations of $148.77 million. The company’s revenue was up 37.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Many Wall Street Analysts have commented on Franco-Nevada Corporation. Company shares were Reiterated by Barclays on Aug 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 75 from a previous price target of $65 .Franco-Nevada Corporation was Downgraded by Goldman to ” Sell” on May 11, 2016.
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company’s business model provides investors with gold price and exploration optionality. The Company has a diversified portfolio of royalties and streams by commodity geography revenue type and stage of project. Its assets include Gold (United States) Gold (Canada) Gold (Australia) Gold (Rest of World) Platinum Group Metals Other Minerals and Oil and Gas. The Company’s projects under each of this location include Goldstrike complex Gold Quarry Marigold Pinson Sterling Sandman Robinson Sudbury basin Golden Highway Musselwhite Hemlo Hardrock Duketon Henty Red October Edna May Wiluna Palmarejo Sabodla Subika Edikan Cerro Moro Ity Gurupi Volcan Stillwater Complex Pandora Peculiar Knob Mt Keith King Vol Flying Fox Weyburn unit Midale unit Edson property and among others.