Greenlight Capital Upped Micron Technology (MU) Holding By $92.50 Million; 4 Bullish Analysts Covering Franco-Nevada (TSE:FNV)

February 19, 2018 - By Michael Collier

Greenlight Capital Inc increased Micron Technology Inc (MU) stake by 89.51% reported in 2017Q3 SEC filing. Greenlight Capital Inc acquired 2.37M shares as Micron Technology Inc (MU)’s stock rose 19.14%. The Greenlight Capital Inc holds 5.02M shares with $197.51 million value, up from 2.65M last quarter. Micron Technology Inc now has $51.12 billion valuation. The stock increased 1.63% or $0.71 during the last trading session, reaching $44.21. About 49.40 million shares traded or 15.42% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 19, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Among 7 analysts covering Franco-Nevada Corp (TSE:FNV), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Franco-Nevada Corp had 31 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by Scotia Capital on Thursday, March 23. As per Thursday, October 15, the company rating was upgraded by National Bank Canada. The stock of Franco-Nevada Corporation (TSE:FNV) has “Sector Perform” rating given on Tuesday, November 8 by Scotia Capital. On Wednesday, November 9 the stock rating was maintained by TD Securities with “Hold”. On Tuesday, November 8 the stock rating was maintained by RBC Capital Markets with “Outperform”. Canaccord Genuity upgraded the shares of FNV in report on Thursday, November 12 to “Buy” rating. Desjardins Securities maintained Franco-Nevada Corporation (TSE:FNV) on Monday, December 11 with “Sell” rating. The stock of Franco-Nevada Corporation (TSE:FNV) earned “Buy” rating by Dundee Securities on Thursday, December 8. The rating was maintained by TD Securities on Thursday, August 11 with “Hold”. See Franco-Nevada Corporation (TSE:FNV) latest ratings:

11/12/2017 Broker: Desjardins Securities Rating: Sell Maintain
01/12/2017 Broker: TD Securities Rating: Buy New Target: $124.00 Target Down
07/11/2017 Broker: Canaccord Genuity Rating: Old Target: $119.00 New Target: $121.00 Target Up
07/11/2017 Broker: IBC Rating: Old Target: $110.00 New Target: $120.00 Target Up
07/11/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $100.00 New Target: $107.50 Target Up
07/11/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $108.00 Target Up
07/11/2017 Broker: TD Securities Rating: Buy New Target: $123.50 Target Up
20/10/2017 Broker: Canaccord Genuity Rating: Old Target: $118.00 New Target: $119.00 Target Up
29/09/2017 Broker: Canaccord Genuity Rating: Old Target: $114.00 New Target: $118.00 Target Up
08/09/2017 Broker: Bank of America Rating: Old Target: $107.00 New Target: $110.00 Target Up

The stock decreased 1.25% or $1.17 during the last trading session, reaching $92.46. About 523,312 shares traded or 4.85% up from the average. Franco-Nevada Corporation (TSE:FNV) has 0.00% since February 19, 2017 and is . It has underperformed by 16.70% 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 $17.17 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 114.57 P/E ratio. As of March 21, 2017, it had a portfolio of 259 mineral assets and 80 gas and oil assets.

Greenlight Capital Inc decreased Apple Inc (NASDAQ:AAPL) stake by 1.74M shares to 2.19M valued at $337.97 million in 2017Q3. It also reduced Hewlett Packard Enterprise C (Call) stake by 3.81M shares and now owns 635,400 shares. Rite Aid Corp (NYSE:RAD) was reduced too.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 214 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, March 31 by Macquarie Research. UBS maintained the shares of MU in report on Monday, March 21 with “Buy” rating. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Credit Suisse on Wednesday, June 14. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Morgan Stanley on Tuesday, June 6. On Wednesday, December 7 the stock rating was upgraded by Standpoint Research to “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Outperform” rating by Robert W. Baird on Wednesday, October 5. The rating was upgraded by Raymond James on Friday, April 15 to “Strong Buy”. The rating was maintained by Cowen & Co on Wednesday, September 6 with “Buy”. The rating was maintained by Wells Fargo on Wednesday, December 20 with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $6000 target in Monday, August 14 report.

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