Franco Nevada Corporation (NYSE:FNV) Could Improve Your Long Portfolio After Less Shorts Reported

January 19, 2018 - By Louis Casey

 Franco Nevada Corporation (NYSE:FNV) Could Improve Your Long Portfolio After Less Shorts Reported

The stock of Franco Nevada Corporation (NYSE:FNV) registered a decrease of 15.74% in short interest. FNV’s total short interest was 4.38 million shares in January as published by FINRA. Its down 15.74% from 5.20 million shares, reported previously. With 494,800 shares average volume, it will take short sellers 9 days to cover their FNV’s short positions. The short interest to Franco Nevada Corporation’s float is 2.5%.

The stock increased 0.95% or $0.75 during the last trading session, reaching $79.38. About 121,822 shares traded. Franco-Nevada Corporation (NYSE:FNV) has risen 12.51% since January 19, 2017 and is uptrending. It has underperformed by 4.19% the S&P500.

Franco-Nevada Corporation operates as a gold-focused royalty and stream firm in the United States, Canada, Mexico, Peru, Chile, and Africa. The company has market cap of $14.44 billion. The firm also has interests in silver; platinum group metals, including palladium; other minerals, including base metals, iron ore, coal, and industrial and miscellaneous minerals; and gas and oil properties. It has a 98.36 P/E ratio. As of March 21, 2017, it had a portfolio of 259 mineral assets and 80 gas and oil assets.

Franco-Nevada Corporation (NYSE:FNV) Ratings Coverage

Among 16 analysts covering Franco-Nevada Corp (NYSE:FNV), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Franco-Nevada Corp had 35 analyst reports since August 11, 2015 according to SRatingsIntel. BMO Capital Markets initiated the shares of FNV in report on Monday, September 14 with “Outperform” rating. Canaccord Genuity upgraded Franco-Nevada Corporation (NYSE:FNV) on Tuesday, November 15 to “Buy” rating. As per Friday, December 11, the company rating was initiated by Deutsche Bank. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 24. As per Monday, March 14, the company rating was maintained by JP Morgan. The rating was maintained by RBC Capital Markets on Thursday, October 8 with “Outperform”. Credit Suisse downgraded the stock to “Neutral” rating in Monday, September 25 report. The stock of Franco-Nevada Corporation (NYSE:FNV) earned “Buy” rating by Clarkson Capital on Tuesday, February 16. As per Monday, August 31, the company rating was downgraded by Zacks. Credit Suisse downgraded it to “Neutral” rating and $53 target in Thursday, February 4 report.

More notable recent Franco-Nevada Corporation (NYSE:FNV) news were published by: Fool.com which released: “Here’s How Franco-Nevada Corporation Crushed It in 2017” on December 31, 2017, also Nasdaq.com with their article: “Zacks Industry Outlook Highlights: Barrick Gold, Franco-Nevada, Sandstorm Gold …” published on January 17, 2018, Fool.com published: “4 Mining Stocks: What to Watch in 2018 as Their Oil Plays Pan Out” on January 16, 2018. More interesting news about Franco-Nevada Corporation (NYSE:FNV) were released by: Nasdaq.com and their article: “Zacks Industry Outlook Highlights: Alamos Gold, Richmont Mines, Barrick Gold …” published on January 18, 2018 as well as Fool.com‘s news article titled: “Is Franco-Nevada Corp a Buy in 2018?” with publication date: January 19, 2018.

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