Franco-Nevada Corporation (FNV) : Veritas Investment Management (uk) Ltd reduced its stake in Franco-Nevada Corporation by 3.22% during the most recent quarter end. The investment management company now holds a total of 120,319 shares of Franco-Nevada Corporation which is valued at $8,451,207 after selling 4,000 shares in Franco-Nevada Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.Franco-Nevada Corporation makes up approximately 4.28% of Veritas Investment Management (uk) Ltd’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd added FNV to its portfolio by purchasing 32,000 company shares during the most recent quarter which is valued at $2,247,680. Franco-Nevada Corporation makes up approx 0.20% of Bluecrest Capital Management Ltd’s portfolio.American Century Companies Inc reduced its stake in FNV by selling 19,600 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 417,536 shares of FNV which is valued at $29,327,729. Franco-Nevada Corporation makes up approx 0.03% of American Century Companies Inc’s portfolio. K.j. Harrison Partners Inc added FNV to its portfolio by purchasing 4,300 company shares during the most recent quarter which is valued at $301,688. Franco-Nevada Corporation makes up approx 0.16% of K.j. Harrison Partners Inc’s portfolio. Sigma Planning Corp sold out all of its stake in FNV during the most recent quarter. The investment firm sold 6,604 shares of FNV which is valued $441,015.
Franco-Nevada Corporation opened for trading at $67.73 and hit $70.27 on the upside on Tuesday, eventually ending the session at $69.63, with a gain of 3.42% or 2.3 points. The heightened volatility saw the trading volume jump to 7,14,533 shares. Company has a market cap of $12,377 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.