Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Monday. They presently have a $100.00 price objective on the basic materials company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 25.52% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Barclays PLC lowered their price objective on shares of Franco-Nevada Corporation from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, July 13th. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Deutsche Bank AG reissued a “hold” rating and set a $64.00 price objective (down previously from $65.00) on shares of Franco-Nevada Corporation in a research report on Sunday, June 25th. Finally, Zacks Investment Research raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $81.65.

Shares of Franco-Nevada Corporation (NYSE FNV) traded down 0.28% during midday trading on Monday, hitting $79.45. 275,271 shares of the company’s stock were exchanged. The company has a 50-day moving average of $80.27 and a 200-day moving average of $74.43. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 100.19 and a beta of -0.12. 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 issued its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The company had revenue of $163.60 million during the quarter, compared to the consensus estimate of $164.62 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts expect that Franco-Nevada Corporation will post $1.02 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Franco-Nevada Corporation by 7.5% during the second quarter. FMR LLC now owns 14,804,189 shares of the basic materials company’s stock worth $1,068,190,000 after purchasing an additional 1,028,578 shares during the last quarter. Vanguard Group Inc. lifted its stake in Franco-Nevada Corporation by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock valued at $304,643,000 after acquiring an additional 145,698 shares during the last quarter. TD Asset Management Inc. lifted its stake in Franco-Nevada Corporation by 6.0% in the second quarter. TD Asset Management Inc. now owns 3,432,041 shares of the basic materials company’s stock valued at $247,287,000 after acquiring an additional 194,998 shares during the last quarter. Franklin Resources Inc. lifted its stake in Franco-Nevada Corporation by 30.0% in the second quarter. Franklin Resources Inc. now owns 2,800,453 shares of the basic materials company’s stock valued at $202,127,000 after acquiring an additional 646,929 shares during the last quarter. Finally, CIBC World Markets Inc. lifted its stake in Franco-Nevada Corporation by 3.7% in the second quarter. CIBC World Markets Inc. now owns 2,565,447 shares of the basic materials company’s stock valued at $185,123,000 after acquiring an additional 90,845 shares during the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.

Franco-Nevada Corporation Company Profile

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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