Markets

Franco-Nevada Corporation (FNV) Given Average Recommendation of "Buy" by Brokerages

Franco-Nevada Corporation (FNV) Given Average Recommendation of

The stock rose 4.29% or $3.12 reaching $75.82 per share. Palisade Capital Management NJ raised its position in Franco-Nevada Corporation by 4.9% in the Q1.

A number of other equities research analysts also recently issued reports on the stock. The value of the investment in (FNV) increased from $18,714,000 to $25,489,000 a change of $6,775,000 quarter over quarter. Capstone Asset Management Co. boosted its position in shares of Franco-Nevada Corporation by 0.5% in the second quarter. CIBC Asset Management Inc now owns 1,966,527 shares of the basic materials company's stock valued at $141,730,000 after buying an additional 507,518 shares during the last quarter. Clarkson Capital initiated the shares of FNV in report on Tuesday, February 16 with "Buy" rating. Can boosted its position in Franco-Nevada Corporation by 15.2% in the first quarter. Finally, Gluskin Sheff & Assoc Inc. purchased a new position in Franco-Nevada Corporation during the first quarter worth $225,000. Edmond DE Rothschild Holding S.A. now owns 46,050 shares of the basic materials company's stock valued at $3,324,000 after buying an additional 350 shares during the period.

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. The company has market cap of $13.14 billion. The 50 day moving average went up by +6.82% and the 200 day average went up by +12.34%. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $80.00.

Shares of Franco Nevada Corp (TSE FNV) opened at 98.46 on Friday. The Bank Of Nova Scotia Trust Company holds 51,602 shares with $3.08 million value, up from 42,349 last quarter.

Mourinho just another coach - Ramos compares Zidane favourably to Manchester United boss
Zidane could also bring in playmaker Isco , and return to a 4-3-3 system by giving Cristiano Ronaldo a first start of the season. Zinedine Zidane will now have to look at alternatives, and it is believed that Mateo Kovacic will be the one who gets the nod.

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 had a net margin of 21.26% and a return on equity of 4.39%. For the quarter ending Dec-17, 5 analysts have a mean sales target of 169.84 million whilst for the year ending Dec-17, 14 analysts have a mean target of 659.36 million. During the same period in the previous year, the company earned $0.22 EPS. Franco-Nevada Corp had 32 analyst reports since August 11, 2015 according to SRatingsIntel. Stockholders of record on Thursday, September 14th will be given a dividend of $0.23 per share. The ex-dividend date was Tuesday the 13th of June 2017. Franco-Nevada Corporation's payout ratio is 119.48%.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Stock Observer and is the property of of Stock Observer. If you are reading this article on another website, it was stolen and republished in violation of United States & worldwide copyright law. 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.

Several brokerages have weighed in on FNV. Finally, Barclays PLC restated an "equal weight" rating and issued a $74.00 price target (up from $68.00) on shares of Franco-Nevada Corporation in a research note on Tuesday, June 6th. Dundee Securities upgraded Franco Nevada Corp (NYSE:FNV) on Thursday, December 8 to "Buy" rating. Deutsche Bank AG reissued a "hold" rating and issued a $64.00 price objective (down from $65.00) on shares of Franco-Nevada Corporation in a research report on Sunday, June 25th. Scotiabank lifted their target price on shares of Franco-Nevada Corporation from $45.00 to $48.00 and gave the stock a sector perform rating in a research note on Thursday, May 11th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus target price of $78.89.

Addenda Capital Inc decreased Franco Nevada Corp (FNV) stake by 5.25% reported in 2016Q4 SEC filing.


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