U S Global Investors Inc sold 15,120 shares as the company’s stock rose 8.53% with the market. During the same quarter in the prior year, the business earned $0.22 earnings per share. Palisade Capital Management LLC NJ now owns 117,017 shares of the basic materials company’s stock valued at $7,666,000 after buying an additional 5,496 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Franco-Nevada Corporation during the first quarter valued at $222,000. Envestnet Asset Management Inc. now owns 3,353 shares of the basic materials company’s stock worth $199,000 after buying an additional 2,320 shares during the period. The Edgepoint Investment Group Inc holds 259,730 shares with $15.53 million value, up from 224,730 last quarter. Accern also gave media headlines about the basic materials company an impact score of 20 out of 100, indicating that recent media coverage is very unlikely to have an impact on the stock’s share price in the near future. IL purchased a new stake in shares of Franco-Nevada Corporation during the second quarter worth approximately $210,000. Barometer Capital Management Inc. now owns 288,200 shares of the basic materials company’s stock worth $20,797,000 after buying an additional 281,200 shares during the period. Finally, Beutel Goodman & Co Ltd. boosted its position in shares of Franco-Nevada Corporation by 4.1% in the first quarter. The firm owned 34,300 shares of the basic materials company’s stock at the end of the second quarter. Hedge funds and other institutional investors own 63.49% of the company’s stock.
Franco Nevada reports strong Q2 results. Sell-side analyst recommendations point to a short term price target of $35.66 on the company shares. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $81.16. The stock’s 50 day moving average price is $92.83 and its 200 day moving average price is $90.96. The company has market cap of $13.14 billion. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Deutsche Bank AG lowered their price objective on shares of Franco-Nevada Corporation from $66.00 to $65.00 and set a hold rating for the company in a research report on Tuesday, March 21st.
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In other Franco Nevada Corp news, Director David Harquail sold 47,594 shares of the stock in a transaction on Wednesday, May 31st.
The following firms have also recently changed their position in FNV. Finally, Zacks Investment Research upgraded shares of Franco-Nevada Corporation from a hold rating to a buy rating and set a $80.00 target price on the stock in a report on Wednesday, July 12th. Barclays PLC reissued an “equal weight” rating and issued a $74.00 target price (up from $68.00) on shares of Franco-Nevada Corporation in a research note on Tuesday, June 6th.
Bank Of Nova Scotia Trust Company increased Franco Nevada Corp (FNV) stake by 21.85% reported in 2016Q4 SEC filing. The company has a consensus rating of Buy and a consensus target price of $75.35.
The SI to Franco Nevada Corporation’s float is 2.02%. The Firm has interests in silver, platinum group metals, gas and oil and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.