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

June 18, 2018 - By Clifton Ray

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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: Finance.Yahoo.com which released: “3 Gold Stocks That Could Bounce Back” on June 07, 2018, also Fool.com with their article: “Is Wheaton Precious Metals Corp. a Buy?” published on June 08, 2018, Fool.com 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: Fool.com and their article: “This Gold Company Is Beating Alphabet on This Metric, but Does It Matter?” published on June 11, 2018 as well as Fool.com‘s news article titled: “Why Is This Gold Stock Lagging Its Peers So Badly?” with publication date: June 06, 2018.

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