Franco-Nevada Corp. (NYSE:FNV) was down 2.3% on Friday . The stock traded as low as $76.29 and last traded at $76.81, with a volume of 364,237 shares traded. The stock had previously closed at $78.64.

Several equities research analysts have weighed in on FNV shares. TD Securities downgraded Franco-Nevada Corp. from a “buy” rating to a “hold” rating and increased their price target for the stock from $72.00 to $73.00 in a research report on Thursday, April 21st. Dundee Securities downgraded Franco-Nevada Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. Canaccord Genuity reaffirmed a “hold” rating and set a $86.00 price target (up from $84.00) on shares of Franco-Nevada Corp. in a research report on Friday, May 6th. Goldman Sachs Group Inc. downgraded Franco-Nevada Corp. from a “neutral” rating to a “sell” rating and increased their price target for the stock from $48.40 to $51.00 in a research report on Wednesday, May 11th. Finally, BMO Capital Markets downgraded Franco-Nevada Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 12th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $65.03.

The stock has a market cap of $13.71 billion and a P/E ratio of 347.34. The stock has a 50 day moving average of $75.07 and a 200-day moving average of $64.60.

Several large investors have made changes to their positions in the stock. I.G. Investment Management LTD. boosted 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 worth $14,707,000 after buying an additional 11,609 shares during the last quarter. Marshall Wace LLP boosted 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 worth $1,591,000 after buying an additional 20,378 shares during the last quarter. Morgan Stanley boosted 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 worth $30,208,000 after buying an additional 133,764 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake 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.

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.