Franco Nev Corp (NYSE:FNV).
Agf Investments Inc. lowered its investment in Franco Nev Corp stock by 8.7% in a 13F filing with the SEC. Its position was valued at $37,021,000 a decrease of 2.0% as of the end of the quarter.
Several firms have shifted positions in (FNV). As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 1,900 shares growing its holdings by 17.1%. The value of the total investment in Franco Nev Corp increased from $801,000 to $1,008,000 a change of 25.8% quarter to quarter. As of the end of the quarter Raymond James & Associates had acquired 12,408 shares growing its stake by 24.2%. The value of the investment in (FNV) went from $3,696,000 to $4,929,000 increasing 33.4% for the reporting period.
As of quarter end Baird Financial Group, Inc. had bought 14,978 shares growing its position 30.7%. The value in dollars went from $3,525,000 to $4,945,000 a change of $1,420,000 quarter over quarter.
Equity analyst Scotiabank raised the price target of the stock on November 7 boosting the projection from $82.50 to $85.00 and stated a “Sector Perform” rating. November 7 investment analysts at Canaccord Genuity held the company rating at “Buy” with a current price target of $121.00.
TD Securities raised the price target on November 7 changing the price objective from $92.00 to $97.00 and issued a “Buy” rating. On October 23 Royal Bank Of Canada maintained a stock rating of “Buy” projecting a price of $100.00.
On October 19, 2017 TD Securities updated guidance on FNV stating a rating of “Buy” and establishing a price target of $92.00.
The company is now up by 0.06% percent from yesterday’s close. Franco Nev Corp currently has a P/E ratio of 104.69 and the market value is 15.72B. In the last earnings report the EPS was $0.81 with 185.46M shares outstanding.
Investors are feeling more bearish on Franco Nev Corp if you pay attention to the rise in short interest. The company recorded a rise in short interest of 16.50% as of the latest report on October 31, 2017. Short shares grew from 4,128,467 to 4,809,783 over that period. The days to cover decreased to 10.0 and the percentage of shorted shares was 0.03% on October 31.