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

Several analysts have recently issued reports on FNV shares. Zacks Investment Research raised shares of Franco-Nevada Corp. from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, July 5th. HSBC reissued a “buy” rating on shares of Franco-Nevada Corp. in a research report on Thursday, July 7th. TD Securities cut shares of Franco-Nevada Corp. from a “buy” rating to a “hold” rating and raised their target price for the company from $72.00 to $73.00 in a report on Thursday, April 21st. TheStreet cut shares of Franco-Nevada Corp. from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $86.00 target price (up previously from $84.00) on shares of Franco-Nevada Corp. in a report on Friday, May 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $65.50.

The firm’s 50-day moving average price is $71.58 and its 200-day moving average price is $61.51. The stock has a market cap of $13.55 billion and a PE ratio of 343.29.

Franco-Nevada Corp. (NYSE:FNV) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $132 million for the quarter, compared to analyst estimates of $132.39 million. During the same period last year, the firm posted $0.12 earnings per share. The business’s revenue was up 20.9% on a year-over-year basis. Equities research analysts anticipate that Franco-Nevada Corp. will post $0.82 earnings per share for the current year.

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

Several institutional investors have made changes to their positions in FNV. Marshall Wace LLP raised 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 worth $1,591,000 after buying an additional 20,378 shares during the last quarter. Gulf International Bank UK Ltd raised 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 worth $2,064,000 after buying an additional 2,000 shares during the last quarter. State of Wisconsin Investment Board raised 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 worth $9,520,000 after buying an additional 83,665 shares during the last quarter. I.G. Investment Management LTD. raised 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 worth $14,707,000 after buying an additional 11,609 shares during the last quarter. Finally, Morgan Stanley raised 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 worth $30,208,000 after buying an additional 133,764 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.