Franco-Nevada Corp. (NYSE:FNV) traded up 1.5% during mid-day trading on Tuesday . The stock traded as high as $79.62 and last traded at $79.02, with a volume of 348,394 shares changing hands. The stock had previously closed at $77.88.

Several equities research analysts recently issued reports on the stock. Vetr raised shares of Franco-Nevada Corp. from a “strong sell” rating to a “sell” rating and set a $62.44 price target on the stock in a report on Wednesday, June 22nd. Dundee Securities lowered shares of Franco-Nevada Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. HSBC reissued a “buy” rating on shares of Franco-Nevada Corp. in a report on Thursday, July 7th. TD Securities lowered shares of Franco-Nevada Corp. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $72.00 to $73.00 in a report on Thursday, April 21st. Finally, Goldman Sachs Group Inc. lowered shares of Franco-Nevada Corp. from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $48.40 to $51.00 in a report on Wednesday, May 11th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $65.03.

The stock has a 50 day moving average price of $74.17 and a 200 day moving average price of $64.06. The stock has a market cap of $13.97 billion and a PE ratio of 354.05.

Other large investors recently added to or reduced their stakes in the company. 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 during the period. 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 during the period. 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 during the period. 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 during the period. Finally, 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 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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