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

A number of analysts have recently commented on FNV shares. Zacks Investment Research upgraded Franco-Nevada Corp. from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Tuesday, July 5th. BMO Capital Markets downgraded Franco-Nevada Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 12th. Dundee Securities downgraded Franco-Nevada Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 20th. Deutsche Bank AG restated a “sell” rating on shares of Franco-Nevada Corp. in a research note on Thursday, July 7th. Finally, HSBC restated a “buy” rating on shares of Franco-Nevada Corp. in a research note on Thursday, July 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $65.03.

The company’s 50 day moving average is $74.66 and its 200-day moving average is $64.40. The company has a market capitalization of $13.99 billion and a PE ratio of 354.50.

Other hedge funds recently bought and sold shares of the company. Gulf International Bank UK Ltd raised 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. I.G. Investment Management LTD. raised its stake 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 during the period. Marshall Wace LLP raised its stake 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 during the period. Finally, Morgan Stanley raised its stake 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 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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