Franco-Nevada Corp. (NYSE:FNV) (TSE:FNV) has been given an average recommendation of “Hold” by the twenty research firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $76.51.

Several equities analysts recently weighed in on FNV shares. TheStreet raised shares of Franco-Nevada Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, November 8th. TD Securities reaffirmed a “hold” rating and issued a $77.00 price target on shares of Franco-Nevada Corp. in a research report on Saturday, August 13th. Scotiabank reaffirmed a “sector perform” rating and issued a $80.00 price target on shares of Franco-Nevada Corp. in a research report on Tuesday, November 8th. Vetr cut shares of Franco-Nevada Corp. from a “hold” rating to a “sell” rating and set a $68.00 price target on the stock. in a research report on Wednesday, September 21st. Finally, RBC Capital Markets reaffirmed an “outperform” rating on shares of Franco-Nevada Corp. in a research report on Tuesday, November 8th.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in Franco-Nevada Corp. by 24.7% in the second quarter. Van ECK Associates Corp now owns 7,831,846 shares of the company’s stock worth $595,690,000 after buying an additional 1,550,588 shares in the last quarter. First Eagle Investment Management LLC raised its position in Franco-Nevada Corp. by 0.6% in the second quarter. First Eagle Investment Management LLC now owns 7,092,405 shares of the company’s stock worth $539,121,000 after buying an additional 41,201 shares during the period. Vanguard Group Inc. raised its position in Franco-Nevada Corp. by 11.2% in the second quarter. Vanguard Group Inc. now owns 3,648,583 shares of the company’s stock worth $277,511,000 after buying an additional 366,365 shares during the period. CIBC World Markets Inc. raised its position in Franco-Nevada Corp. by 3.7% in the third quarter. CIBC World Markets Inc. now owns 2,596,552 shares of the company’s stock worth $181,421,000 after buying an additional 91,668 shares during the period. Finally, Swiss National Bank raised its position in Franco-Nevada Corp. by 9.4% in the second quarter. Swiss National Bank now owns 1,923,500 shares of the company’s stock worth $145,548,000 after buying an additional 164,600 shares during the period. Institutional investors and hedge funds own 63.00% of the company’s stock.

Franco-Nevada Corp. (NYSE:FNV) traded down 2.28% during trading on Wednesday, hitting $57.89. The stock had a trading volume of 356,853 shares. The firm has a market capitalization of $10.32 billion, a PE ratio of 103.93 and a beta of 0.22. Franco-Nevada Corp. has a 1-year low of $41.47 and a 1-year high of $81.16. The firm has a 50 day moving average price of $62.79 and a 200-day moving average price of $69.86.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 8th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.88 dividend on an annualized basis and a yield of 1.49%. Franco-Nevada Corp.’s dividend payout ratio is 169.23%.

About Franco-Nevada Corp.

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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