Franco-Nevada Corporation (FNV) : Cwa Asset Management Group scooped up 16,265 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 13, 2016. The investment management firm now holds a total of 40,925 shares of Franco-Nevada Corporation which is valued at $2.8 Million.Franco-Nevada Corporation makes up approximately 2.76% of Cwa Asset Management Group’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in FNV during the most recent quarter. The investment firm sold 40,952 shares of FNV which is valued $2.8 Million.Amf Pensionsforsakring Ab boosted its stake in FNV in the latest quarter, The investment management firm added 26,889 additional shares and now holds a total of 244,752 shares of Franco-Nevada Corporation which is valued at $16.6 Million. Franco-Nevada Corporation makes up approx 0.22% of Amf Pensionsforsakring Ab’s portfolio.Gabelli Funds reduced its stake in FNV by selling 206,800 shares or 29.42% in the most recent quarter. The Hedge Fund company now holds 496,200 shares of FNV which is valued at $34.9 Million. Franco-Nevada Corporation makes up approx 0.21% of Gabelli Funds’s portfolio.America First Investment Advisors boosted its stake in FNV in the latest quarter, The investment management firm added 5,480 additional shares and now holds a total of 171,060 shares of Franco-Nevada Corporation which is valued at $12 Million. Franco-Nevada Corporation makes up approx 5.25% of America First Investment Advisors’s portfolio.
Franco-Nevada Corporation opened for trading at $61.67 and hit $64.05 on the upside on Wednesday, eventually ending the session at $63.76, with a gain of 3.19% or 1.97 points. The heightened volatility saw the trading volume jump to 9,12,753 shares. Company has a market cap of $11,334 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 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.