Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Monday, July 24th. Deutsche Bank AG reiterated a “hold” rating and set a $64.00 price target (down previously from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. BidaskClub downgraded Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Credit Suisse Group set a $80.00 price target on Franco-Nevada Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, Scotiabank increased their price target on Franco-Nevada Corporation from $45.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 11th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $78.89.

Shares of Franco-Nevada Corporation (NYSE:FNV) opened at 80.82 on Tuesday. The firm has a market capitalization of $14.99 billion, a PE ratio of 101.92 and a beta of -0.03. Franco-Nevada Corporation has a 52 week low of $53.31 and a 52 week high of $81.98. The stock has a 50 day moving average of $74.48 and a 200-day moving average of $70.16.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $163.60 million during the quarter, compared to the consensus estimate of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Equities analysts anticipate that Franco-Nevada Corporation will post $0.99 earnings per share for the current fiscal year.

WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/franco-nevada-corporation-fnv-rating-increased-to-hold-at-valuengine/1532785.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC increased its position in shares of Franco-Nevada Corporation by 199.0% in the second quarter. Advisory Services Network LLC now owns 1,504 shares of the basic materials company’s stock valued at $109,000 after buying an additional 1,001 shares in the last quarter. Hexavest Inc. increased its position in shares of Franco-Nevada Corporation by 50.7% in the second quarter. Hexavest Inc. now owns 1,662 shares of the basic materials company’s stock valued at $120,000 after buying an additional 559 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Franco-Nevada Corporation during the first quarter valued at approximately $201,000. Blair William & Co. IL bought a new position in shares of Franco-Nevada Corporation during the second quarter valued at approximately $210,000. Finally, Schroder Investment Management Group bought a new position in shares of Franco-Nevada Corporation during the first quarter valued at approximately $222,000. Institutional investors and hedge funds own 60.28% 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)

Receive News & Ratings for Franco-Nevada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.