Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $79.18 and last traded at $79.18, with a volume of 544,074 shares changing hands. The stock had previously closed at $78.30.

FNV has been the topic of several research reports. Scotiabank raised their price target on shares of Franco-Nevada Corporation from $45.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, May 11th. TD Securities restated a “buy” rating on shares of Franco-Nevada Corporation in a report on Wednesday, May 10th. ValuEngine upgraded shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Barclays PLC restated an “equal weight” rating and issued a $74.00 price target (up previously from $68.00) on shares of Franco-Nevada Corporation in a report on Tuesday, June 6th. Finally, BidaskClub lowered shares of Franco-Nevada Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.89.

The stock has a market capitalization of $14.41 billion, a P/E ratio of 101.31 and a beta of -0.03. The stock’s 50 day moving average is $72.99 and its 200 day moving average is $69.47.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Tuesday, August 8th. The basic materials company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The company had revenue of $163.60 million during the quarter, compared to analyst estimates of $164.62 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts forecast that Franco-Nevada Corporation will post $0.98 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 dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Franco-Nevada Corporation’s dividend payout ratio (DPR) is presently 119.48%.

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its stake in Franco-Nevada Corporation by 2.9% in the first quarter. US Bancorp DE now owns 20,500 shares of the basic materials company’s stock worth $1,343,000 after buying an additional 575 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in Franco-Nevada Corporation during the first quarter worth about $265,000. Commerzbank Aktiengesellschaft FI boosted its stake in Franco-Nevada Corporation by 334.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 36,413 shares of the basic materials company’s stock worth $2,385,000 after buying an additional 28,041 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Franco-Nevada Corporation by 15.2% in the first quarter. Great West Life Assurance Co. Can now owns 1,389,027 shares of the basic materials company’s stock worth $90,859,000 after buying an additional 183,038 shares in the last quarter. Finally, Geneva Advisors LLC boosted its stake in Franco-Nevada Corporation by 11.0% in the first quarter. Geneva Advisors LLC now owns 16,270 shares of the basic materials company’s stock worth $1,066,000 after buying an additional 1,615 shares in the last quarter. Institutional investors own 63.41% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Franco-Nevada Corporation (FNV) Reaches New 1-Year High at $79.18” was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/franco-nevada-corporation-fnv-reaches-new-1-year-high-at-79-18/1496352.html.

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.

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.