Franco-Nevada Corporation (FNV) : Agf Investments scooped up 309,824 additional shares in Franco-Nevada Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 800,602 shares of Franco-Nevada Corporation which is valued at $62,390,914.Franco-Nevada Corporation makes up approximately 0.68% of Agf Investments’s portfolio.
Other Hedge Funds, Including , Veritas Asset Management Llp reduced its stake in FNV by selling 29,300 shares or 35.82% in the most recent quarter. The Hedge Fund company now holds 52,500 shares of FNV which is valued at $4,091,325. Franco-Nevada Corporation makes up approx 0.04% of Veritas Asset Management Llp’s portfolio.Pring Turner Capital Group Inc reduced its stake in FNV by selling 200 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 6,105 shares of FNV which is valued at $470,268. Franco-Nevada Corporation makes up approx 0.60% of Pring Turner Capital Group Inc’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. Taylor Asset Management Inc sold out all of its stake in FNV during the most recent quarter. The investment firm sold 50,000 shares of FNV which is valued $3,755,500.
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.