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

A number of research firms have commented on FNV. HSBC reiterated a “buy” rating on shares of Franco-Nevada Corp. in a report on Thursday. Deutsche Bank AG reiterated a “sell” rating on shares of Franco-Nevada Corp. in a report on Thursday. Zacks Investment Research upgraded shares of Franco-Nevada Corp. from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Tuesday. BMO Capital Markets downgraded shares of Franco-Nevada Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, May 12th. Finally, Goldman Sachs Group Inc. downgraded shares of Franco-Nevada Corp. from a “neutral” rating to a “sell” rating and increased their price objective for the company from $48.40 to $51.00 in a report on Wednesday, May 11th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $65.50.

The company’s 50-day moving average is $70.04 and its 200 day moving average is $60.73. The firm has a market capitalization of $14.09 billion and a P/E ratio of 357.12.

Franco-Nevada Corp. (NYSE:FNV) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The business earned $132 million during the quarter, compared to analysts’ expectations of $132.39 million. During the same period last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts forecast that Franco-Nevada Corp. will post $0.80 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were issued a $0.22 dividend. 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 dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, June 14th.

Several institutional investors have recently bought and sold shares of FNV. Gulf International Bank UK Ltd raised 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 worth $2,064,000 after buying an additional 2,000 shares in the last quarter. Wells Fargo & Company MN raised 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 worth $2,224,000 after buying an additional 8,972 shares in the last quarter. I.G. Investment Management LTD. raised 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 worth $14,707,000 after buying an additional 11,609 shares in the last quarter. Marshall Wace LLP raised 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 worth $1,591,000 after buying an additional 20,378 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position in Franco-Nevada Corp. by 66.8% in the fourth quarter. State of Wisconsin Investment Board now owns 208,919 shares of the company’s stock worth $9,520,000 after buying an additional 83,665 shares in 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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