ValuEngine Upgrades Franco-Nevada Corporation (FNV) to Hold

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01 September, 2017

About 74,784 shares traded.

Franco-Nevada Corporation (NYSE:FNV) tinted gains of +0.28% (+0.23 points) to US$82.02. It has underperformed by 49.36% the S&P500.The move comes after 5 months negative chart setup for the $3.39 billion company.

Odey Asset Management Group Ltd decreased Franco Nevada Corp (FNV) stake by 69.08% reported in 2016Q4 SEC filing. Corda Investment Management Llc acquired 143,481 shares as Vodafone Group Plc Adr (VOD)'s stock rose 16.21%. The Manufacturers Life Insurance Company The holds 1.00 million shares with $59.78 million value, down from 1.03M last quarter. Connectone Bancorp Inc New now has $721.95M valuation. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.12%. About 26,676 shares traded. BMO Capital Markets maintained Ingredion Inc (NYSE:INGR) rating on Friday, October 30. The forecast of 8 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Therefore 0 are positive. Makes Most of Its Money" published on May 19, 2017 as well as Gurufocus.com's news article titled: "Franco-Nevada to Report 2nd Quarter Next Week" with publication date: "August 02, 2017. Barclays Capital maintained it with "Underweight" rating and $47 target in Tuesday, November 10 report. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The rating was upgraded by Stephens to "Overweight" on Friday, January 29. The rating was maintained by Keefe Bruyette & Woods on Thursday, July 27 with "Buy". The firm has "Hold" rating given on Tuesday, December 20 by Deutsche Bank.

Investors sentiment increased to 0.95 in 2016 Q4. Its down 0.52, from 1.25 in 2016Q3. 12 funds opened positions while 24 raised stakes. 318,924 are held by Northern Corp. The latest exchange of 2.65 Million shares is below its average trading activity of 571.55 Million shares. Parkwood Limited Liability has invested 0.04% in Ingredion Inc (NYSE:INGR). Meeder Asset Mgmt Inc stated it has 0.05% in Ingredion Inc (NYSE:INGR). Finally, Gluskin Sheff & Assoc Inc. purchased a new position in shares of Franco-Nevada Corporation during the first quarter worth about $225,000. The stock rose 3.79% or $4.36 reaching $119.27 per share. With an institutional ownership near 90.5%, it carries an earnings per share ratio of -0.04. Tower Rech Capital Limited Co (Trc) owns 1,023 shares or 0% of their USA portfolio. California State Teachers Retirement Sys reported 0% stake. Connor Clark Lunn Investment Limited has invested 0.01% of its portfolio in Ingredion Inc (NYSE:INGR). Los Angeles And Equity has invested 0% in ConnectOne Bancorp Inc (NASDAQ:CNOB). Gabelli Funds LLC now owns 530,000 shares of the basic materials company's stock valued at $34,720,000 after buying an additional 4,500 shares during the period. Tobam owns 526,377 shares with a value of $37,925,000. Cigna Corp (NYSE:CI) was reduced too. Dimensional Fund Advisors LP's holdings in Franco-Nevada Corporation were worth $4,648,000 at the end of the most recent quarter. Therefore 50% are positive. Finally, Canaccord Genuity lifted their price target on Franco Nevada Corp from C$111.00 to C$114.00 in a research report on Wednesday, August 9th. The stock of Franco Nevada Corp (NYSE:FNV) earned "Neutral" rating by JP Morgan on Monday, March 14. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

07/05/2016 - Franco-Nevada Corporation had its "buy" rating reiterated by analysts at HSBC. The company has market cap of $241.23 million. As per Wednesday, June 15, the company rating was maintained by Citigroup. As per Wednesday, May 11, the company rating was downgraded by Goldman Sachs. The firm earned "Buy" rating on Thursday, December 8 by Dundee Securities. The firm earned "Sell" rating on Monday, September 7 by Zacks. The rating was downgraded by Credit Suisse on Thursday, February 4 to "Neutral".

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