Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been given a consensus rating of “Buy” by the twenty-one research firms that are covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $77.85.

Several research firms recently weighed in on FNV. Zacks Investment Research upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, July 12th. Credit Suisse Group set a $79.00 price target on Franco-Nevada Corporation and gave the company a “buy” rating in a report on Saturday, March 25th. Barclays PLC decreased their price target on Franco-Nevada Corporation from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, July 13th. BidaskClub lowered Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $85.00 price target on shares of Franco-Nevada Corporation in a report on Thursday, June 15th.

Shares of Franco-Nevada Corporation (NYSE:FNV) traded up 1.50% on Monday, hitting $74.50. 533,282 shares of the stock traded hands. The firm has a market cap of $13.46 billion, a PE ratio of 97.90 and a beta of -0.03. The firm has a 50 day moving average price of $72.62 and a 200 day moving average price of $67.95. Franco-Nevada Corporation has a 52-week low of $53.31 and a 52-week high of $81.16.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Tuesday, May 9th. The basic materials company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Franco-Nevada Corporation had a return on equity of 4.35% and a net margin of 21.17%. The company had revenue of $172.70 million for the quarter, compared to analyst estimates of $158.75 million. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, equities analysts forecast that Franco-Nevada Corporation will post $0.97 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were given a dividend of $0.23 per share. This is an increase from Franco-Nevada Corporation’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, June 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.23%. Franco-Nevada Corporation’s dividend payout ratio is presently 121.05%.

Several institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Franco-Nevada Corporation by 6.6% in the first quarter. Van ECK Associates Corp now owns 10,773,637 shares of the basic materials company’s stock worth $705,781,000 after buying an additional 666,196 shares during the last quarter. First Eagle Investment Management LLC increased its position in Franco-Nevada Corporation by 1.7% in the first quarter. First Eagle Investment Management LLC now owns 7,180,484 shares of the basic materials company’s stock worth $469,713,000 after buying an additional 120,323 shares during the last quarter. Bank of Montreal Can increased its position in Franco-Nevada Corporation by 15.7% in the first quarter. Bank of Montreal Can now owns 6,857,037 shares of the basic materials company’s stock worth $449,204,000 after buying an additional 931,206 shares during the last quarter. Vanguard Group Inc. increased its position in Franco-Nevada Corporation by 4.9% in the first quarter. Vanguard Group Inc. now owns 4,076,074 shares of the basic materials company’s stock worth $267,023,000 after buying an additional 189,705 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. increased its position in Franco-Nevada Corporation by 4.1% in the first quarter. Beutel Goodman & Co Ltd. now owns 2,113,880 shares of the basic materials company’s stock worth $138,248,000 after buying an additional 82,500 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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About Franco-Nevada Corporation

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

Analyst Recommendations for Franco-Nevada Corporation (NYSE:FNV)

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