Franco-Nevada Corporation (FNV) : Odey Asset Management Group Ltd scooped up 275,385 additional shares in Franco-Nevada Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,078,432 shares of Franco-Nevada Corporation which is valued at $60,241,212.Franco-Nevada Corporation makes up approximately 4.65% of Odey Asset Management Group Ltd’s portfolio.
Other Hedge Funds, Including , Quantitative Investment Management sold out all of its stake in FNV during the most recent quarter. The investment firm sold 8,200 shares of FNV which is valued $547,268.Next Financial Group Inc boosted its stake in FNV in the latest quarter, The investment management firm added 83 additional shares and now holds a total of 745 shares of Franco-Nevada Corporation which is valued at $49,721. Franco-Nevada Corporation makes up approx 0.01% of Next Financial Group Inc’s portfolio. Essex Investment Management Co sold out all of its stake in FNV during the most recent quarter. The investment firm sold 24,813 shares of FNV which is valued $1,656,020.Puplava Financial Services reduced its stake in FNV by selling 819 shares or 11.39% in the most recent quarter. The Hedge Fund company now holds 6,369 shares of FNV which is valued at $411,883. Franco-Nevada Corporation makes up approx 0.27% of Puplava Financial Services’s portfolio.
Franco-Nevada Corporation closed down -0.78 points or -1.34% at $57.49 with 7,41,986 shares getting traded on Monday. Post opening the session at $57.52, the shares hit an intraday low of $56.59 and an intraday high of $57.9099 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Franco-Nevada Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.25. The company had revenue of $172.00 million for the quarter, compared to analysts expectations of $161.54 million. The company’s revenue was up 65.9% 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 Initiated by Desjardins to “Buy” on Oct 26, 2016. 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 (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.