Franco-Nevada Corp. (NYSE:FNV) traded down 2.6% during mid-day trading on Wednesday . The stock traded as low as $73.68 and last traded at $73.84, with a volume of 334,563 shares changing hands. The stock had previously closed at $75.85.

Several equities research analysts have recently issued reports on the stock. Deutsche Bank AG reiterated a “sell” rating on shares of Franco-Nevada Corp. in a research report on Wednesday. Vetr upgraded shares of Franco-Nevada Corp. from a “strong sell” rating to a “sell” rating and set a $62.44 price objective on the stock in a research report on Wednesday, June 22nd. Dundee Securities cut shares of Franco-Nevada Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. HSBC reiterated a “buy” rating on shares of Franco-Nevada Corp. in a research report on Thursday, July 7th. Finally, TD Securities cut shares of Franco-Nevada Corp. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $72.00 to $73.00 in a research report on Thursday, April 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $65.03.

The stock’s 50 day moving average price is $72.42 and its 200 day moving average price is $62.27. The company has a market capitalization of $12.94 billion and a PE ratio of 327.93.

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. 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% on a year-over-year basis. On average, equities research analysts predict that Franco-Nevada Corp. will post $0.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.21%. This is a positive change from Franco-Nevada Corp.’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, June 14th.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. 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 valued at $2,064,000 after buying an additional 2,000 shares during the period. 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 valued at $14,707,000 after buying an additional 11,609 shares during the period. 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 valued at $1,591,000 after buying an additional 20,378 shares during the period. 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 valued at $9,520,000 after buying an additional 83,665 shares during the period. Finally, Morgan Stanley raised its position 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 during the period.

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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