Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been assigned a consensus rating of “Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $80.83.

Several brokerages have commented on FNV. Credit Suisse Group set a $78.00 price objective on Franco-Nevada Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. ValuEngine upgraded Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Scotiabank raised their price target on Franco-Nevada Corporation from $79.50 to $82.00 and gave the company a “sector perform” rating in a report on Friday, September 8th. Finally, Deutsche Bank AG restated a “hold” rating and set a $64.00 price target (down from $65.00) on shares of Franco-Nevada Corporation in a report on Sunday, June 25th.

Franco-Nevada Corporation (FNV) traded down 1.45% during trading on Friday, reaching $77.48. 651,976 shares of the company’s stock were exchanged. The firm has a market cap of $14.37 billion, a P/E ratio of 97.70 and a beta of -0.07. The stock’s 50 day moving average price is $79.22 and its 200 day moving average price is $72.05. Franco-Nevada Corporation has a 52-week low of $53.31 and a 52-week high of $85.03.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last announced 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 quarter last year, the firm posted $0.22 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Equities research analysts anticipate that Franco-Nevada Corporation will post $1.00 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, September 13th. Franco-Nevada Corporation’s payout ratio is 119.48%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNV. Advisory Services Network LLC lifted its stake in Franco-Nevada Corporation by 199.0% in the 2nd 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. lifted its stake in Franco-Nevada Corporation by 50.7% in the 2nd 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. Blair William & Co. IL purchased a new stake in Franco-Nevada Corporation in the 2nd quarter valued at approximately $210,000. Schroder Investment Management Group purchased a new stake in Franco-Nevada Corporation in the 1st quarter valued at approximately $222,000. Finally, PNC Financial Services Group Inc. lifted its stake in Franco-Nevada Corporation by 40.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,617 shares of the basic materials company’s stock valued at $236,000 after buying an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.

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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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