Franco-Nevada Corp. (NYSE:FNV) fell 1.8% on Thursday . The company traded as low as $74.50 and last traded at $76.13, with a volume of 411,160 shares. The stock had previously closed at $77.51.

A number of research firms recently weighed in on FNV. HSBC reissued a “buy” rating on shares of Franco-Nevada Corp. in a research report on Thursday, July 7th. Deutsche Bank AG reissued a “sell” rating on shares of Franco-Nevada Corp. in a research report on Thursday, July 7th. Zacks Investment Research raised Franco-Nevada Corp. from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, July 5th. BMO Capital Markets downgraded Franco-Nevada Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 12th. Finally, Goldman Sachs Group Inc. downgraded Franco-Nevada Corp. from a “neutral” rating to a “sell” rating and lifted 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 issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.50.

The company’s 50 day moving average is $71.21 and its 200 day moving average is $61.40. The firm has a market capitalization of $13.55 billion and a P/E ratio of 343.29.

Franco-Nevada Corp. (NYSE:FNV) last announced its earnings results on Wednesday, May 4th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.04. During the same period in the prior year, the business posted $0.12 earnings per share. The business had revenue of $132 million for the quarter, compared to the consensus estimate of $132.39 million. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, equities analysts forecast that Franco-Nevada Corp. will post $0.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 14th. This is a boost from Franco-Nevada Corp.’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.15%.

Several hedge funds and institutional investors have made changes to their positions in the company. Morgan Stanley boosted 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 in the last quarter. State of Wisconsin Investment Board boosted 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 in the last quarter. Marshall Wace LLP boosted 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 in the last quarter. I.G. Investment Management LTD. boosted 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 in the last quarter. Finally, Gulf International Bank UK Ltd boosted 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 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.

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.