Time to Reconsider Franco Nevada Corporation (NYSE:FNV) After More Short Sellers?


Janney Montgomery Scott LLC now owns 3,642 shares of the basic materials company's stock valued at $263,000 after buying an additional 30 shares during the period. Finally, Geneva Advisors LLC boosted its position in Franco-Nevada Corporation by 11.0% in the first quarter. Korea Investment CORP boosted its position in shares of Franco-Nevada Corporation by 1.9% in the second quarter. In the last ninety days, insiders have sold 162,000 shares of company stock valued at $16,008,920.

As of quarter end Ci Global Investments Inc. had sold a total of 27,684 shares trimming its position 1.8%. Barometer Capital Management Inc. increased its stake in Franco-Nevada Corporation by 4,017.1% in the second quarter. Barometer Capital Management Inc. now owns 288,200 shares of the basic materials company's stock valued at $20,797,000 after buying an additional 281,200 shares during the last quarter. Hexavest Inc. now owns 1,662 shares of the basic materials company's stock valued at $120,000 after buying an additional 559 shares during the period. Great West Life Assurance Co.

For this year, Franco-Nevada Corporation (NYSE:FNV) is performing 26%. The company has a market cap of $14.16 billion, a P/E ratio of 99.55 and a beta of -0.03. The company's 50-day moving average price is $72.65 and its 200 day moving average price is $69.09. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $79.17.

11 analysts on average are expecting Franco-Nevada Corporation to report earnings of $0.24 per share for the current quarter.

The company's Average Revenue Estimate for the current quarter is $164.26 Million, while Low and High Revenue Estimates are $150.2 Million and $170.27 Million respectively. Franco-Nevada Corporation was incorporated in 2007 and is headquartered in Toronto, Canada. The firm's revenue for the quarter was up 8.8% compared to the same quarter past year.

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Press coverage about Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been trending positive this week, according to Accern Sentiment Analysis.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. The dividend payment was $0.220 per share for the quarter or $0.88 annualized. Franco-Nevada Corporation's dividend payout ratio (DPR) is 119.48%.

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Currently, the 14-day ADX for Franco-Nevada Corp (FNV) is sitting at 15.71. If you are viewing this article on another domain, it was stolen and reposted in violation of global copyright and trademark laws. The legal version of this report can be accessed at https://sportsperspectives.com/2017/08/11/barometer-capital-management-inc-has-20-80-million-stake-in-franco-nevada-corporation-nysefnv-updated-updated.html. The stock of Franco Nevada Corp (NYSE:FNV) has "Sell" rating given on Wednesday, May 11 by Goldman Sachs. Deutsche Bank AG reiterated a "hold" recommendation and given a $64.00 price target (down prior from $65.00) on stocks of Franco-Nevada Corporation in a note on Sunday, Jun 25th. The firm has "Neutral" rating given on Monday, March 28 by UBS. Finally, Credit Suisse Group set a $80.00 price objective on shares of Franco-Nevada Corporation and gave the company a "buy" rating in a report on Wednesday, June 14th. Canaccord Genuity has "Buy" rating and $68 target.

Delta Lloyd Nv increased Franco Nevada Corp (FNV) stake by 394.05% reported in 2016Q4 SEC filing. The Firm has interests in silver, platinum group metals, gas and oil and other resource assets. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Firm is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States.