Franco-Nevada Corporation (FNV) : Edmond De Rothschild Asset Management (luxembourg) scooped up 69,000 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 12, 2016. The investment management firm now holds a total of 71,600 shares of Franco-Nevada Corporation which is valued at $4.9 Million.Franco-Nevada Corporation makes up approximately 3.73% of Edmond De Rothschild Asset Management (luxembourg)’s portfolio.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in FNV in the latest quarter, The investment management firm added 25,138 additional shares and now holds a total of 642,626 shares of Franco-Nevada Corporation which is valued at $43.5 Million. Franco-Nevada Corporation makes up approx 0.05% of Ubs Asset Management Americas Inc’s portfolio.Comerica Bank boosted its stake in FNV in the latest quarter, The investment management firm added 2,439 additional shares and now holds a total of 10,784 shares of Franco-Nevada Corporation which is valued at $730,508. Franco-Nevada Corporation makes up approx 0.01% of Comerica Bank’s portfolio.Capital Fund Management S.a. reduced its stake in FNV by selling 10,785 shares or 28.67% in the most recent quarter. The Hedge Fund company now holds 26,838 shares of FNV which is valued at $1.9 Million. Franco-Nevada Corporation makes up approx 0.03% of Capital Fund Management S.a.’s portfolio.
Franco-Nevada Corporation opened for trading at $65.54 and hit $65.78 on the upside on Friday, eventually ending the session at $65.52, with a gain of 1.06% or 0.69 points. The heightened volatility saw the trading volume jump to 14,27,530 shares. Company has a market cap of $11,647 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.