Addenda Capital INC Stake In Franco Nevada Corp (FNV) Was Upped

June 18, 2018 - By Clifton Ray

Franco-Nevada Corporation (NYSE:FNV) Logo

Addenda Capital Inc increased its stake in Franco Nevada Corp (FNV) by 137.78% based on its latest 2018Q1 regulatory filing with the SEC. Addenda Capital Inc bought 114,799 shares as the company’s stock declined 3.72% with the market. The institutional investor held 198,118 shares of the precious metals company at the end of 2018Q1, valued at $13.51M, up from 83,319 at the end of the previous reported quarter. Addenda Capital Inc who had been investing in Franco Nevada Corp for a number of months, seems to be bullish on the $13.24B market cap company. The stock increased 0.32% or $0.22 during the last trading session, reaching $69.82. About 276,196 shares traded. Franco-Nevada Corporation (NYSE:FNV) has declined 3.06% since June 18, 2017 and is downtrending. It has underperformed by 15.63% the S&P500.

Addenda Capital Inc, which manages about $22.35 billion and $1.33B US Long portfolio, decreased its stake in Mag Silver Corp (NYSEMKT:MVG) by 738,353 shares to 175,607 shares, valued at $1.72 million in 2018Q1, according to the filing. It also reduced its holding in Alliance Data Systems Corp (NYSE:ADS) by 19,518 shares in the quarter, leaving it with 3,376 shares, and cut its stake in Stantec Inc (NYSE:STN).

More notable recent Franco-Nevada Corporation (NYSE:FNV) news were published by: which released: “3 Gold Stocks That Could Bounce Back” on June 07, 2018, also with their article: “Is Wheaton Precious Metals Corp. a Buy?” published on June 08, 2018, published: “What Investors Need to Know About Franco-Nevada Corporation Stock” on May 29, 2018. More interesting news about Franco-Nevada Corporation (NYSE:FNV) were released by: and their article: “This Gold Company Is Beating Alphabet on This Metric, but Does It Matter?” published on June 11, 2018 as well as‘s news article titled: “Why Is This Gold Stock Lagging Its Peers So Badly?” with publication date: June 06, 2018.

Franco-Nevada Corporation (NYSE:FNV) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: