Franco-Nevada Corp. (NYSE:FNV)’s share price traded down 2.5% during mid-day trading on Thursday . The company traded as low as $76.64 and last traded at $77.73, with a volume of 368,476 shares traded. The stock had previously closed at $79.72.

A number of equities analysts have recently issued reports on the company. Deutsche Bank AG reissued a “sell” rating on shares of Franco-Nevada Corp. in a research report on Saturday, March 12th. Canaccord Genuity reissued a “hold” rating and set a $86.00 price target (up previously from $84.00) on shares of Franco-Nevada Corp. in a research report on Friday, May 6th. Zacks Investment Research cut Franco-Nevada Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, March 17th. JPMorgan Chase & Co. restated a “hold” rating and set a $56.00 price objective on shares of Franco-Nevada Corp. in a research note on Monday, March 14th. Finally, TD Securities decreased their price objective on Franco-Nevada Corp. from $74.00 to $72.00 and set an “action list buy” rating for the company in a research note on Monday, March 14th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $65.50.

The firm’s 50-day moving average price is $69.23 and its 200 day moving average price is $60.37. The stock has a market cap of $13.73 billion and a price-to-earnings ratio of 347.93.

Franco-Nevada Corp. (NYSE:FNV) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm earned $132 million during the quarter, compared to analyst estimates of $132.39 million. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that Franco-Nevada Corp. will post $0.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This is a positive change from Franco-Nevada Corp.’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.14%.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. I.G. Investment Management LTD. boosted its position in Franco-Nevada Corp. by 3.7% in the fourth quarter. I.G. Investment Management LTD. now owns 321,319 shares of the company’s stock valued at $14,707,000 after buying an additional 11,609 shares during the last quarter. Marshall Wace LLP boosted its position in Franco-Nevada Corp. by 141.5% in the fourth quarter. Marshall Wace LLP now owns 34,778 shares of the company’s stock valued at $1,591,000 after buying an additional 20,378 shares during the last quarter. Wells Fargo & Company MN boosted its position in Franco-Nevada Corp. by 22.7% in the fourth quarter. Wells Fargo & Company MN now owns 48,583 shares of the company’s stock valued at $2,224,000 after buying an additional 8,972 shares during the last quarter. Morgan Stanley boosted its position in Franco-Nevada Corp. by 25.4% in the fourth quarter. Morgan Stanley now owns 660,298 shares of the company’s stock valued at $30,208,000 after buying an additional 133,764 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in Franco-Nevada Corp. by 4.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 45,083 shares of the company’s stock valued at $2,064,000 after buying an additional 2,000 shares during the last quarter.

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

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