Gabelli Funds Reduces $3M in Franco-Nevada Corporation ($FNV)
Key Points
- Gabelli Funds changed its Franco-Nevada Corporation ($FNV) stake by 9.85% last quarter, cutting to 131,856 shares worth $27.48 million.
- Wall Street's consensus rating on $FNV is Buy and an average price target of $285.01.
- $FNV last traded around $208.44.
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Gabelli Funds trimmed its position in Franco-Nevada Corporation ($FNV) by 9.85% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,856 shares of Franco-Nevada Corporation after selling 14,414 shares during the quarter. Gabelli Funds's holdings in Franco-Nevada Corporation were worth $27.48 million as of its most recent filing.
Franco-Nevada Corporation Stock Down 21.7%
Shares of Franco-Nevada Corporation ($FNV) traded around $208.44 on Saturday, down 21.7% for the day.
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About Franco-Nevada Corporation
Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. The company operates through Precious Metals, Other Mining and Energy segments. It also manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent. Franco-Nevada Corporation was founded in 1986 and is headquartered in Toronto, Canada.
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