Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) reached a new 52-week high during trading on Tuesday . The company traded as high as $83.38 and last traded at $83.29, with a volume of 270,543 shares. The stock had previously closed at $82.13.

A number of equities research analysts recently commented on the company. ValuEngine raised Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Scotiabank lifted their price target on Franco-Nevada Corporation from $78.00 to $79.50 and gave the company a “sector perform” rating in a research report on Thursday, August 10th. TD Securities lifted their price target on Franco-Nevada Corporation from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. BidaskClub upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Monday, July 31st. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Franco-Nevada Corporation has an average rating of “Buy” and a consensus price target of $78.89.

The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 105.23 and a beta of -0.07. The company’s 50 day moving average price is $76.01 and its 200-day moving average price is $70.65.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, August 8th. The basic materials company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $163.60 million during the quarter, compared to analysts’ expectations of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. On average, equities analysts anticipate that Franco-Nevada Corporation will post $1.00 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. Franco-Nevada Corporation’s dividend payout ratio is currently 119.48%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Franco-Nevada Corporation by 7.5% in the 2nd quarter. FMR LLC now owns 14,804,189 shares of the basic materials company’s stock valued at $1,068,190,000 after purchasing an additional 1,028,578 shares in the last quarter. Van ECK Associates Corp increased its stake in Franco-Nevada Corporation by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 10,773,637 shares of the basic materials company’s stock valued at $705,781,000 after purchasing an additional 666,196 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Franco-Nevada Corporation by 1.7% in the 1st quarter. First Eagle Investment Management LLC now owns 7,180,484 shares of the basic materials company’s stock valued at $469,713,000 after purchasing an additional 120,323 shares in the last quarter. Vanguard Group Inc. increased its stake in Franco-Nevada Corporation by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock valued at $304,643,000 after purchasing an additional 145,698 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in Franco-Nevada Corporation by 6.0% in the 2nd quarter. TD Asset Management Inc. now owns 3,432,041 shares of the basic materials company’s stock valued at $247,287,000 after purchasing an additional 194,998 shares in the last quarter. 60.28% of the stock is owned by hedge funds and other institutional investors.

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Franco-Nevada Corporation Company Profile

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.