Franco-Nevada Corporation (FNV) : Edmond De Rothschild (europe) reduced its stake in Franco-Nevada Corporation by 56.75% during the most recent quarter end. The investment management company now holds a total of 48,223 shares of Franco-Nevada Corporation which is valued at $3,750,303 after selling 63,263 shares in Franco-Nevada Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Franco-Nevada Corporation makes up approximately 1.81% of Edmond De Rothschild (europe)’s portfolio.
Other Hedge Funds, Including , Trexquant Investment Lp added FNV to its portfolio by purchasing 25,324 company shares during the most recent quarter which is valued at $1,969,447. Franco-Nevada Corporation makes up approx 0.24% of Trexquant Investment Lp’s portfolio. Cadinha Co added FNV to its portfolio by purchasing 157,530 company shares during the most recent quarter which is valued at $12,378,707. Franco-Nevada Corporation makes up approx 2.56% of Cadinha Co’s portfolio.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.Cibc World Markets reduced its stake in FNV by selling 6,635 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 2,504,884 shares of FNV which is valued at $184,810,342. Franco-Nevada Corporation makes up approx 0.80% of Cibc World Markets’s portfolio.
Franco-Nevada Corporation closed down -1.26 points or -1.60% at $77.62 with 8,92,162 shares getting traded on Friday. Post opening the session at $77.72, the shares hit an intraday low of $76.05 and an intraday high of $78.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. Franco-Nevada Corporation was Initiated by BofA/Merrill to “Buy” on Aug 9, 2016. 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 (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.