Franco Nevada Corp Can Burn Your Long Portfolio. Option Traders Are Bearish

 Franco Nevada Corp Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Franco Nevada Corp (FNV) recorded an unusually high (904) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious FNV decrease. With 904 contracts traded and 2334 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: FNV161216P00060000 closed last at: $4.9 or 113% up. About 752,505 shares traded hands. Franco Nevada Corp (NYSE:FNV) has declined 16.87% since April 13, 2016 and is downtrending. It has underperformed by 20.80% the S&P500.

Franco Nevada Corp (NYSE:FNV) Ratings Coverage

Out of 13 analysts covering Franco-Nevada Corp (NYSE:FNV), 4 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 31% are positive. $85 is the highest target while $47 is the lowest. The $61 average target is 6.66% above today’s ($57.19) stock price. Franco-Nevada Corp has been the topic of 23 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by Zacks given on Monday, September 7. The stock of Franco Nevada Corp (NYSE:FNV) earned “Buy” rating by Clarkson Capital on Tuesday, February 16. The stock has “Action List Buy” rating given by TD Securities on Thursday, October 8. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 24. The stock of Franco Nevada Corp (NYSE:FNV) earned “Sell” rating by Goldman Sachs on Wednesday, May 11. The firm has “Neutral” rating given on Monday, March 14 by JP Morgan. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, October 6. The rating was initiated by Desjardins Securities with “Buy” on Wednesday, October 26. The stock of Franco Nevada Corp (NYSE:FNV) earned “Neutral” rating by JP Morgan on Wednesday, January 20. Barclays Capital upgraded it to “Equal-Weight” rating and $50 target price in Thursday, January 14 report.

According to Zacks Investment Research, “Franco-Nevada Corporation is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The Company’s assets are mostly mineral and oil & gas royalties or streams but also include some working and equity interests, undeveloped properties, options to acquire royalties and other assets. The mineral assets are further characterized by commodity as being in the Gold, PGM or Other Minerals categories and these in turn are further subdivided by their project status as being either, Operating, Advanced or Exploration royalties. Majorities of the Mineral Royalties are characterized as being Gold and the majority of revenues are from gold operations. The Oil & Gas interests are located primarily in the Western Canadian sedimentary basin with a larger amount of revenue generated from conventional oil than from natural gas properties. Franco-Nevada Corporation is headquartered in Toronto, Canada.”

Franco-Nevada Corporation is a gold-focused royalty and stream company. The company has a market cap of $9.96 billion. The Company’s additional interests are in platinum group metals and other resource assets. It has a 109.98 P/E ratio. The Firm operates in the segment of resource sector royalty/stream acquisitions and management activities.

More important recent Franco Nevada Corp (NYSE:FNV) news were published by: Forbes.com which released: “Franco-Nevada Getting Very Oversold (FNV)” on November 14, 2016, also Bloomberg.com published article titled: “Franco-Nevada Shares Jump as Dilution Forgiven in Gold Euphoria”, Fool.com published: “Why Franco-Nevada Corporation’s Stock Jumped 32.5% in February” on March 14, 2016. More interesting news about Franco Nevada Corp (NYSE:FNV) was released by: Profitconfidential.com and their article: “Franco Nevada Corp Could Be the Top Gold Stock for 2016…and Beyond” with publication date: May 27, 2016.

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