Franco-Nevada Corporation (NYSE:FNV) Traded 6.9% Above Its 50 Day Average

Franco-Nevada Corporation (NYSE:FNV) surged3.58% and closed at $75.30 in the last trading session with the overall traded volume of 1.01 Million shares versus to the average volume of 583.02 shares. Hedge funds and other institutional investors own 63.49% of the company's stock. As of quarter end Ubs Asset Management Americas Inc had acquired 2,228 shares growing its holdings by 3.0%.

Several research firms have recently weighed in on FNV. Gluskin Sheff & Assoc Inc. bought a new stake in Franco-Nevada Corporation during the first quarter worth $225,000. 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, Barometer Capital Management Inc. boosted its stake in shares of Franco-Nevada Corporation by 4,017.1% in the second quarter.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.7 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Zacks downgraded Franco Nevada Corp (NYSE:FNV) on Monday, September 7 to "Sell" rating. The firm owned 288,200 shares of the basic materials company's stock after buying an additional 281,200 shares during the period. Palisade Capital Management NJ raised its position in Franco-Nevada Corporation by 4.9% in the Q1. (NASDAQ:CSCO) earned "Buy" rating by Jefferies on Thursday, February 11. Outstanding shares are shown on a company's balance sheet under the heading "Capital Stock".

Franco-Nevada Corporation (NYSE FNV) transacted up 0.01% through out intraday market trading on early Monday, topping $77.67. The company has a market cap of $13.45 Billion. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $79.17. The company's 50-day moving average price is $92.76 and its 200-day moving average price is $91.35.

For this year, Franco-Nevada Corporation (NYSE:FNV) is performing 26%.

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.

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11/09/2016 - Franco-Nevada Corporation had its "buy" rating reiterated by analysts at Desjardins. FNV generated revenue of $155.42 Million in the same quarter, one year ago. Next quarter's EPS is expected be $0.24 and the next full year EPS is projected to be $1.07. Equities research analysts expect that Franco-Nevada Corporation will post $0.98 EPS for the current year. The company also recently declared a dividend for shareholders paid on Thursday the 29th of June 2017. Stockholders of record on Thursday, September 14th will be given a dividend of $0.23 per share. The dividend payment was $0.220 per share for the quarter which comes to $0.88 on an annualized basis.

Chilton Capital Management Llc holds 1.19% of its portfolio in Armada Hoffler Properties Inc for 779,963 shares. "Decreases Position in Franco-Nevada Corporation (NYSE:FNV)" was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of USA and worldwide copyright and trademark law.

In other Franco Nevada Corp news, insider Jason O'connell sold 5,753 shares of the company's stock in a transaction that occurred on Monday, June 26th.

FNV has been the subject of a number of recent analyst reports. Franco Nevada Corp now has a consensus rating of Buy and an average target price of C$96.83. As per Thursday, July 13, the company rating was maintained by Barclays Capital. On Tuesday, December 20 the stock rating was downgraded by Deutsche Bank to "Hold". Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of "Buy" and a consensus target price of C$96.83.

More interesting news about Franco Nevada Corp (NYSE:FNV) was released by: and their article: "Franco-Nevada to Report 2nd Quarter Next Week" with publication date: August 02, 2017. The Firm has interests in silver, platinum group metals, gas and oil and other resource assets.

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