Veritas Asset Management Llp Lowers stake in Franco-Nevada Corporation (FNV)

Franco-Nevada Corporation (FNV) : Veritas Asset Management Llp reduced its stake in Franco-Nevada Corporation by 35.82% during the most recent quarter end. The investment management company now holds a total of 52,500 shares of Franco-Nevada Corporation which is valued at $4,091,325 after selling 29,300 shares in Franco-Nevada Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Franco-Nevada Corporation makes up approximately 0.04% of Veritas Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in FNV in the latest quarter, The investment management firm added 3,640 additional shares and now holds a total of 50,098 shares of Franco-Nevada Corporation which is valued at $3,904,137. Franco-Nevada Corporation makes up approx 0.05% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Msi Financial Services Inc boosted its stake in FNV in the latest quarter, The investment management firm added 741 additional shares and now holds a total of 929 shares of Franco-Nevada Corporation which is valued at $69,777.Nn Investment Partners Holdings N.v. boosted its stake in FNV in the latest quarter, The investment management firm added 787 additional shares and now holds a total of 27,620 shares of Franco-Nevada Corporation which is valued at $2,140,826. Franco-Nevada Corporation makes up approx 0.02% of Nn Investment Partners Holdings N.v.’s portfolio.Next Financial Group Inc boosted its stake in FNV in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 662 shares of Franco-Nevada Corporation which is valued at $52,483. Franco-Nevada Corporation makes up approx 0.02% of Next Financial Group Inc’s portfolio.

Franco-Nevada Corporation opened for trading at $78.05 and hit $79.155 on the upside on Thursday, eventually ending the session at $78.64, with a gain of 0.91% or 0.71 points. The heightened volatility saw the trading volume jump to 3,81,793 shares. Company has a market cap of $13,979 M.

On the company’s financial health, Franco-Nevada Corporation reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.15. The company had revenue of $132.00 million for the quarter, compared to analysts expectations of $130.08 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Franco-Nevada Corporation. 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.

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