Franco-Nevada Corp. (NYSE:FNV) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday. They currently have a $95.00 price target on the stock. National Bank Financial’s target price suggests a potential upside of 50.01% from the company’s current price.

Several other equities analysts also recently issued reports on FNV. Deutsche Bank AG reissued a “sell” rating on shares of Franco-Nevada Corp. in a report on Thursday, July 7th. HSBC reissued a “buy” rating on shares of Franco-Nevada Corp. in a report on Thursday, July 7th. TheStreet raised shares of Franco-Nevada Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research raised shares of Franco-Nevada Corp. from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, July 5th. Finally, TD Securities reissued a “hold” rating and set a $77.00 price target on shares of Franco-Nevada Corp. in a report on Saturday, August 13th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Franco-Nevada Corp. presently has an average rating of “Hold” and an average target price of $69.11.

Analyst Recommendations for Franco-Nevada Corp. (NYSE:FNV)

Shares of Franco-Nevada Corp. (NYSE:FNV) opened at 63.33 on Thursday. Franco-Nevada Corp. has a 52 week low of $41.47 and a 52 week high of $81.16. The firm has a market capitalization of $11.28 billion, a PE ratio of 187.37 and a beta of 0.18. The company has a 50-day moving average of $69.77 and a 200-day moving average of $70.59.

Franco-Nevada Corp. (NYSE:FNV) last released its quarterly earnings data on Monday, August 8th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The firm earned $150.90 million during the quarter, compared to the consensus estimate of $149.36 million. Franco-Nevada Corp. had a net margin of 11.05% and a return on equity of 3.02%. The firm’s revenue was up 37.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities analysts forecast that Franco-Nevada Corp. will post $0.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, September 13th. Franco-Nevada Corp.’s dividend payout ratio (DPR) is presently 275.00%.

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Franco-Nevada Corp. by 1,114.7% in the first quarter. Wellington Management Group LLP now owns 650,463 shares of the company’s stock valued at $39,974,000 after buying an additional 596,914 shares during the last quarter. Shell Asset Management Co. increased its stake in Franco-Nevada Corp. by 17.2% in the second quarter. Shell Asset Management Co. now owns 226,990 shares of the company’s stock valued at $22,299,000 after buying an additional 33,391 shares during the last quarter. Legal & General Group Plc increased its stake in Franco-Nevada Corp. by 16.6% in the first quarter. Legal & General Group Plc now owns 837,261 shares of the company’s stock valued at $51,631,000 after buying an additional 119,033 shares during the last quarter. British Columbia Investment Management Corp increased its stake in Franco-Nevada Corp. by 2.3% in the second quarter. British Columbia Investment Management Corp now owns 27,100 shares of the company’s stock valued at $1,587,000 after buying an additional 600 shares during the last quarter. Finally, K.J. Harrison & Partners Inc increased its stake in Franco-Nevada Corp. by 16.3% in the second quarter. K.J. Harrison & Partners Inc now owns 5,000 shares of the company’s stock valued at $378,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Franco-Nevada Corp. Company Profile

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

5 Day Chart for NYSE:FNV

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