Franco-Nevada Corp. (NYSE:FNV)’s share price was down 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 traded. The stock had previously closed at $77.51.

A number of equities analysts recently weighed in on FNV shares. HSBC restated a “buy” rating on shares of Franco-Nevada Corp. in a research report on Thursday, July 7th. Vetr raised shares of Franco-Nevada Corp. from a “strong sell” rating to a “sell” rating and set a $62.44 target price on the stock in a research note on Wednesday, June 22nd. Deutsche Bank AG reaffirmed a “sell” rating on shares of Franco-Nevada Corp. in a research note on Thursday, July 7th. Goldman Sachs Group Inc. downgraded shares of Franco-Nevada Corp. from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $48.40 to $51.00 in a research note on Wednesday, May 11th. Finally, TD Securities downgraded shares of Franco-Nevada Corp. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $72.00 to $73.00 in a research note on Thursday, April 21st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.50.

The firm has a 50 day moving average of $71.93 and a 200 day moving average of $61.72. The firm has a market cap of $13.36 billion and a PE ratio of 338.60.

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 Thomson Reuters’ consensus estimate of $0.13 by $0.04. The firm had revenue of $132 million for the quarter, compared to analyst estimates of $132.39 million. Franco-Nevada Corp.’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share. On average, analysts predict that Franco-Nevada Corp. will post $0.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were paid a dividend of $0.22 per share. The ex-dividend date 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 dividend yield of 1.17%.

Other large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake 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 in the last quarter. State of Wisconsin Investment Board boosted its stake 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 valued at $9,520,000 after buying an additional 83,665 shares in the last quarter. Marshall Wace LLP boosted its stake 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 in the last quarter. I.G. Investment Management LTD. boosted its stake 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 in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake 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 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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