Franco-Nevada Corporation (FNV) : Barometer Capital Management scooped up 192,900 additional shares in Franco-Nevada Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 616,200 shares of Franco-Nevada Corporation which is valued at $41,741,388.Franco-Nevada Corporation makes up approximately 3.94% of Barometer Capital Management’s portfolio.
Other Hedge Funds, Including , Airain Ltd added FNV to its portfolio by purchasing 35,615 company shares during the most recent quarter which is valued at $2,412,560. Franco-Nevada Corporation makes up approx 0.17% of Airain Ltd’s portfolio.Exane Derivatives boosted its stake in FNV in the latest quarter, The investment management firm added 1,650 additional shares and now holds a total of 1,911 shares of Franco-Nevada Corporation which is valued at $134,229. Franco-Nevada Corporation makes up approx 0.02% of Exane Derivatives’s portfolio.Chicago Partners Investment Group boosted its stake in FNV in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 265 shares of Franco-Nevada Corporation which is valued at $18,592. Franco-Nevada Corporation makes up approx 0.01% of Chicago Partners Investment Group’s portfolio. Baring Asset Management Ltd added FNV to its portfolio by purchasing 4,047 company shares during the most recent quarter which is valued at $283,938. Franco-Nevada Corporation makes up approx 0.02% of Baring Asset Management Ltd’s portfolio.
Franco-Nevada Corporation closed down -0.35 points or -0.51% at $67.74 with 8,33,458 shares getting traded on Friday. Post opening the session at $68.39, the shares hit an intraday low of $67.25 and an intraday high of $68.56 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 $0.17 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 was Downgraded by TD Securities to ” Hold” on Apr 21, 2016. Franco-Nevada Corporation was Downgraded by UBS to ” Neutral” on Mar 28, 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.