Franco-Nevada Corporation (FNV) : Investec Asset Management (pty) Ltd added new position in Franco-Nevada Corporation during the most recent quarter end. The investment management firm now holds 4,494 shares of Franco-Nevada Corporation which is valued at $349,498 , the company said in a statement filed on Aug 12, 2016 with the SEC.Franco-Nevada Corporation makes up approximately 0.29% of Investec Asset Management (pty) Ltd’s portfolio.
Other Hedge Funds, Including , Ubs Oconnor sold out all of its stake in FNV during the most recent quarter. The investment firm sold 19,060 shares of FNV which is valued $1,482,296.Public Sector Pension Investment Board reduced its stake in FNV by selling 84,800 shares or 21.45% in the most recent quarter. The Hedge Fund company now holds 310,480 shares of FNV which is valued at $24,146,030. Franco-Nevada Corporation makes up approx 0.29% of Public Sector Pension Investment Board’s portfolio.State Of Wisconsin Investment Board reduced its stake in FNV by selling 19,300 shares or 10.66% in the most recent quarter. The Hedge Fund company now holds 161,735 shares of FNV which is valued at $12,578,131. Franco-Nevada Corporation makes up approx 0.05% of State Of Wisconsin Investment Board’s portfolio. Alps Advisors Inc sold out all of its stake in FNV during the most recent quarter. The investment firm sold 393,556 shares of FNV which is valued $29,559,991.
Franco-Nevada Corporation opened for trading at $71.73 and hit $73.35 on the upside on Monday, eventually ending the session at $72.74, with a gain of 0.54% or 0.39 points. The heightened volatility saw the trading volume jump to 4,00,730 shares. Company has a market cap of $12,955 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. 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.