What’s Ahead for Franco Nevada Corporation (NYSE:FNV) After Less Shorted Shares?

January 19, 2018 - By Vivian Currie

 What’s Ahead for Franco Nevada Corporation (NYSE:FNV) After Less Shorted Shares?

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. The rating was maintained by Barclays Capital with “Underweight” on Tuesday, November 10. RBC Capital Markets maintained Franco-Nevada Corporation (NYSE:FNV) on Thursday, October 8 with “Outperform” rating. The firm has “Sell” rating given on Wednesday, May 11 by Goldman Sachs. The rating was downgraded by Zacks to “Hold” on Monday, August 31. Clarkson Capital initiated Franco-Nevada Corporation (NYSE:FNV) on Tuesday, February 16 with “Buy” rating. The firm has “Buy” rating given on Wednesday, October 26 by Desjardins Securities. The rating was maintained by JP Morgan on Monday, March 14 with “Neutral”. The firm earned “Buy” rating on Tuesday, November 15 by Canaccord Genuity. The firm has “Action List Buy” rating given on Thursday, October 8 by TD Securities. The company was downgraded on Tuesday, December 20 by Deutsche Bank.

More notable recent Franco-Nevada Corporation (NYSE:FNV) news were published by: Fool.com which released: “Stats on Franco-Nevada” on January 07, 2018, also Fool.com with their article: “Is Franco-Nevada Corp a Buy in 2018?” published on January 19, 2018, Nasdaq.com published: “Zacks Industry Outlook Highlights: Alamos Gold, Richmont Mines, Barrick Gold …” on January 18, 2018. More interesting news about Franco-Nevada Corporation (NYSE:FNV) were released by: Fool.com and their article: “4 Mining Stocks: What to Watch in 2018 as Their Oil Plays Pan Out” published on January 16, 2018 as well as Fool.com‘s news article titled: “Here’s How Franco-Nevada Corporation Crushed It in 2017” with publication date: December 31, 2017.

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