Franco-Nevada Corporation (NYSE:FNV) Lowered to "Hold" at BidaskClub

12 August, 2017, 21:52 | Author: Terri Saunders
  • Franco-Nevada Corporation logo

Hexavest Inc. boosted its stake in shares of Franco-Nevada Corporation by 50.7% in the second quarter. Cibc World Markets Inc. augmented its stake by buying 2,540,547 shares an increase of 10,203.0% in the quarter.

The stock increased 3.13% or $2.36 during the last trading session, reaching $77.66. Can boosted its position in Franco-Nevada Corporation by 15.2% in the first quarter. FMR LLC now owns 14,804,189 shares of the basic materials company's stock valued at $1,068,190,000 after buying an additional 1,028,578 shares during the last quarter.

Receive Franco-Nevada Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corporation with MarketBeat.com's FREE daily email newsletter. Can now owns 1,389,027 shares of the basic materials company's stock valued at $90,859,000 after buying an additional 183,038 shares during the period. Palisade Capital Management NJ raised its position in Franco-Nevada Corporation by 4.9% in the Q1. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company's stock valued at $314,000 after buying an additional 305 shares during the last quarter. Schroder Investment Management Group bought a new stake in Franco-Nevada Corporation during the first quarter worth $222,000. Similar statistics are true for the second largest owner, Van Eck Associates Corp, which owns 10,773,637 shares of the stock are valued at $783.24 million.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Tuesday, August 8th. The company has a market cap of $14.16 billion, a P/E ratio of 99.55 and a beta of -0.03. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $80.00. The company has a 50-day moving average of $72.77 and a 200-day moving average of $69.18. Barclays reduced the price target on Franco-Nevada Corporation from $74.00 to $72.00 and fixed an "equal weight" recommendation on the share in a study note published on early Thur, Jul 13th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.25. The business had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation was incorporated in 2007 and is headquartered in Toronto, Canada. The firm's revenue was up 8.8% on a year-over-year basis. Next quarter's EPS is forecasted at $0.24 with next year's EPS anticipated to be $1.07.

Press coverage about Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been trending positive this week, according to Accern Sentiment Analysis. The company also recently declared a dividend for shareholders paid on Thursday the 29th of June 2017. The ex-dividend date was set for Tuesday the 13th of June 2017. This dividend represents a yield of $1.55.

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Glenview Capital Management Llc holds 8.71% of its portfolio in Humana Inc for 6.31 million shares. If you are viewing this article on another domain, it was stolen and reposted in violation of worldwide copyright and trademark laws.

A number of research firms have weighed in on FNV.

11/08/2016 - Franco-Nevada Corporation had its "sector perform" rating reiterated by analysts at Scotiabank. JP Morgan initiated Franco Nevada Corp (NYSE:FNV) on Wednesday, January 20 with "Neutral" rating. The firm has "Buy" rating given on Thursday, December 8 by Dundee Securities. ValuEngine raised Franco-Nevada Corporation from a "sell" rating to a "hold" rating in a report on Friday, June 2nd.

COPYRIGHT VIOLATION NOTICE: "Franco-Nevada Corporation (NYSE:FNV) Position Boosted by Barometer Capital Management Inc." was originally reported by Sports Perspectives and is owned by of Sports Perspectives. On Wednesday, October 26 the stock rating was initiated by Desjardins Securities with "Buy". It also has interests in silver ores; platinum group metals, including palladium; other minerals comprising base metals, iron ore, coal, and industrial and miscellaneous minerals; and oil and gas properties.

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