Franco-Nevada Corporation (FNV) : New Harbor Financial Group scooped up 75 additional shares in Franco-Nevada Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 8,465 shares of Franco-Nevada Corporation which is valued at $547,008.Franco-Nevada Corporation makes up approximately 0.80% of New Harbor Financial Group’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in FNV by selling 2,715 shares or 42.21% in the most recent quarter. The Hedge Fund company now holds 3,717 shares of FNV which is valued at $230,380.Cutler Group Lp reduced its stake in FNV by selling 8,304 shares or 64.88% in the most recent quarter. The Hedge Fund company now holds 4,496 shares of FNV which is valued at $286,260. Franco-Nevada Corporation makes up approx 0.02% of Cutler Group Lp’s portfolio. Independence Advisors added FNV to its portfolio by purchasing 3,300 company shares during the most recent quarter which is valued at $209,385. Franco-Nevada Corporation makes up approx 0.10% of Independence Advisors’s portfolio.Beacon Financial Group reduced its stake in FNV by selling 7,066 shares or 41.2% in the most recent quarter. The Hedge Fund company now holds 10,086 shares of FNV which is valued at $650,749. Franco-Nevada Corporation makes up approx 0.14% of Beacon Financial Group’s portfolio.
Franco-Nevada Corporation closed down -1.69 points or -2.65% at $61.98 with 8,29,430 shares getting traded on Tuesday. Post opening the session at $63.31, the shares hit an intraday low of $61.76 and an intraday high of $63.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Company shares were Upgraded by Deutsche Bank on Sep 9, 2016 to ” Hold”, Firm has raised the Price Target to $ 74 from a previous price target of $62 .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.