Franco-Nevada Corporation (FNV) : Old Mission Capital added new position in Franco-Nevada Corporation during the most recent quarter end. The investment management firm now holds 32,795 shares of Franco-Nevada Corporation which is valued at $1,831,929 , the company said in a statement filed on Nov 14, 2016 with the SEC.Franco-Nevada Corporation makes up approximately 0.17% of Old Mission Capital’s portfolio.
Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in FNV in the latest quarter, The investment management firm added 4,633 additional shares and now holds a total of 275,020 shares of Franco-Nevada Corporation which is valued at $15,362,617. Franco-Nevada Corporation makes up approx 0.02% of Oppenheimerfunds’s portfolio.Airain Ltd boosted its stake in FNV in the latest quarter, The investment management firm added 35,357 additional shares and now holds a total of 47,524 shares of Franco-Nevada Corporation which is valued at $3,100,466. Franco-Nevada Corporation makes up approx 0.19% of Airain Ltd’s portfolio.Ci Investments reduced its stake in FNV by selling 332,391 shares or 45.8% in the most recent quarter. The Hedge Fund company now holds 393,409 shares of FNV which is valued at $26,511,833. Franco-Nevada Corporation makes up approx 0.31% of Ci Investments’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in FNV by selling 27,971 shares or 47.81% in the most recent quarter. The Hedge Fund company now holds 30,531 shares of FNV which is valued at $2,057,484. Franco-Nevada Corporation makes up approx 0.02% of Bnp Paribas Investment Partners S.a.’s portfolio.Exane Derivatives reduced its stake in FNV by selling 7,184 shares or 69.12% in the most recent quarter. The Hedge Fund company now holds 3,210 shares of FNV which is valued at $204,092. Franco-Nevada Corporation makes up approx 0.04% of Exane Derivatives’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.