Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) had its target price lowered by stock analysts at Barclays PLC from $74.00 to $72.00 in a research note issued to investors on Thursday. The firm currently has an “equal weight” rating on the basic materials company’s stock. Barclays PLC’s price target would suggest a potential upside of 1.02% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Credit Suisse Group set a $80.00 price target on Franco-Nevada Corporation and gave the company a “buy” rating in a report on Wednesday, June 14th. BidaskClub cut Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. TD Securities restated a “buy” rating on shares of Franco-Nevada Corporation in a report on Wednesday, May 10th. Zacks Investment Research upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday, July 12th. Finally, Deutsche Bank AG restated a “hold” rating and set a $64.00 price target (down previously from $65.00) on shares of Franco-Nevada Corporation in a report on Sunday, June 25th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $77.93.

Franco-Nevada Corporation (NYSE FNV) opened at 71.27 on Thursday. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $81.16. The stock’s 50 day moving average price is $73.03 and its 200 day moving average price is $66.58. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 93.65 and a beta of -0.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last issued its earnings results on Tuesday, May 9th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $172.70 million for the quarter, compared to the consensus estimate of $158.75 million. Franco-Nevada Corporation had a return on equity of 4.35% and a net margin of 21.17%. During the same quarter last year, the company earned $0.17 EPS. Equities analysts predict that Franco-Nevada Corporation will post $0.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.92 dividend on an annualized basis and a yield of 1.29%. This is a boost from Franco-Nevada Corporation’s previous quarterly dividend of $0.22. Franco-Nevada Corporation’s payout ratio is presently 121.05%.

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A number of institutional investors have recently bought and sold shares of FNV. Wells Fargo & Company MN boosted its position in Franco-Nevada Corporation by 7.1% in the first quarter. Wells Fargo & Company MN now owns 40,245 shares of the basic materials company’s stock worth $2,636,000 after buying an additional 2,652 shares during the last quarter. CGOV Asset Management boosted its position in Franco-Nevada Corporation by 4.0% in the first quarter. CGOV Asset Management now owns 41,400 shares of the basic materials company’s stock worth $3,613,000 after buying an additional 1,600 shares during the last quarter. AQR Capital Management LLC boosted its position in Franco-Nevada Corporation by 1.5% in the first quarter. AQR Capital Management LLC now owns 504,685 shares of the basic materials company’s stock worth $32,968,000 after buying an additional 7,472 shares during the last quarter. State of Wisconsin Investment Board boosted its position in Franco-Nevada Corporation by 7.8% in the first quarter. State of Wisconsin Investment Board now owns 148,698 shares of the basic materials company’s stock worth $9,714,000 after buying an additional 10,739 shares during the last quarter. Finally, Addenda Capital Inc. boosted its position in Franco-Nevada Corporation by 94.5% in the first quarter. Addenda Capital Inc. now owns 339,245 shares of the basic materials company’s stock worth $22,157,000 after buying an additional 164,785 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.

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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