APG Asset Management NV Boosts Position in Franco-Nevada Corporation (FNV)

The New York-based Third Point Llc has invested 4.81% in the stock. Zurcher Kantonalbank (zurich Cantonalbank) claims 81,194 shares worth $5,850,000. The Company’s assets are mostly mineral and oil & gas royalties or streams but also include some working and equity interests, undeveloped properties, options to acquire royalties and other assets. Shareholders of record on Thursday, September 14th will be given a dividend of $0.23 per share.

The stock increased 3.13% or $2.36 during the last trading session, reaching $77.66. The value in dollars went from $1,966,000 to $37,925,000 increasing 1,829.0% quarter over quarter. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company.

Deep diving into the technical levels for Franco-Nevada Corp (FNV), we note that the equity now has a 14-day Commodity Channel Index (CCI) of 189.23. Cibc World Markets Inc. added to its ownership by buying 2,540,547 shares an increase of 10,203.0% as of 06/30/2017. Shell Asset Management boosted its stake in stocks of Franco-Nevada Corporation by 9.7% in the Q1.

About 50,598 shares traded. Aperio Group LLC increased its stake in shares of Franco-Nevada Corporation by 353.1% in the second quarter. Shell Asset Management has an ownership of 152,459 stocks of the basic materials firms shares valued at $13,282,000 after scooping up an extra 13,513 shares through out the quarter. Franco Nevada Corp (NYSE:FNV) has risen 12.51% since August 11, 2016 and is uptrending.

The P/E ratio is now 99.84 and market capitalization is 13.73B. Current trade price levels places FNV’s stock about -7.22% away from the 52-week high and closed 41.25% away from the 52-week low. The company has a 50 day moving average price of $72.51 and a 200-day moving average price of $69.02. The Van Eck Associates Corp holds 10.11 million shares with $604.02M value, up from 8.61M last quarter. The business had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. Next quarter’s EPS is expected be $0.24 and the next full year EPS is projected to be $1.07. The company’s EPS growth in prior 5 years was 21.40%. Analysts predict that Franco-Nevada Corporation will post $0.98 earnings per share for the current year.

The following firms have also recently changed their position in FNV. The ex-dividend date was Tuesday the 13th of June 2017. Franco-Nevada Corporation’s dividend payout ratio is presently 119.48%.

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A number of equities research analysts recently weighed in on the company. The firm earned “Buy” rating on Thursday, August 18 by Drexel Hamilton. Barclays PLC reissued an “equal weight” rating and set a $74.00 target price (up from $68.00) on shares of Franco-Nevada Corporation in a research note on Tuesday, June 6th. Deutsche Bank downgraded the shares of FNV in report on Tuesday, December 20 to “Hold” rating. BidaskClub raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a research note on Saturday.

07/05/2016 – Franco-Nevada Corporation had its “buy” rating reiterated by analysts at HSBC.

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