Franco-Nevada Corp. (NYSE:FNV) traded up 2.9% during trading on Wednesday . The company traded as high as $78.19 and last traded at $77.94, with a volume of 277,058 shares changing hands. The stock had previously closed at $75.75.

FNV has been the subject of a number of analyst reports. HSBC reissued a “buy” rating on shares of Franco-Nevada Corp. in a report on Thursday, July 7th. Deutsche Bank AG reissued a “sell” rating on shares of Franco-Nevada Corp. in a report on Thursday, July 7th. Zacks Investment Research raised 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, July 5th. BMO Capital Markets lowered 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. lowered shares of Franco-Nevada Corp. from a “neutral” rating to a “sell” rating and upped their price objective for the company from $48.40 to $51.00 in a report on Wednesday, May 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $65.50.

The stock has a 50 day moving average of $70.75 and a 200 day moving average of $61.28. The firm has a market cap of $13.78 billion and a price-to-earnings ratio of 349.14.

Franco-Nevada Corp. (NYSE:FNV) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. During the same period last year, the firm earned $0.12 EPS. The firm had revenue of $132 million for 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. Equities analysts expect that Franco-Nevada Corp. will post $0.80 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid 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 yield of 1.14%. The ex-dividend date was Tuesday, June 14th.

Other hedge funds and institutional investors have recently made changes to their positions in the company. State of Wisconsin Investment Board increased its position in shares of 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 valued at $9,520,000 after buying an additional 83,665 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of 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. Morgan Stanley increased its position in shares of 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. Marshall Wace LLP increased its position in shares of 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. Finally, I.G. Investment Management LTD. increased its position in shares of 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.