Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) was downgraded by research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Monday, Marketbeat.com reports. They currently have a $80.00 price objective on the basic materials company’s stock, up from their prior price objective of $78.00. Credit Suisse Group’s price target suggests a potential upside of 0.45% from the stock’s current price.

Other analysts also recently issued research reports about the company. BidaskClub upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Barclays PLC cut their price target on Franco-Nevada Corporation from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 13th. ValuEngine upgraded Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Zacks Investment Research downgraded Franco-Nevada Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $64.00 price target (down previously from $65.00) on shares of Franco-Nevada Corporation in a research note on Sunday, June 25th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $80.83.

Franco-Nevada Corporation (NYSE FNV) traded up 0.40% on Monday, hitting $79.64. The stock had a trading volume of 639,782 shares. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $85.03. The company has a market cap of $14.77 billion, a P/E ratio of 100.43 and a beta of -0.07. The stock has a 50 day moving average price of $79.22 and a 200 day moving average price of $72.05.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $163.60 million for the quarter, compared to the consensus estimate of $164.62 million. Franco-Nevada Corporation had a return on equity of 4.39% and a net margin of 21.26%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. On average, equities research analysts expect that Franco-Nevada Corporation will post $1.00 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/25/franco-nevada-corporation-fnv-cut-to-neutral-at-credit-suisse-group.html.

A number of hedge funds have recently added to or reduced their stakes in FNV. CGOV Asset Management lifted its position in Franco-Nevada Corporation by 4.0% in the 1st quarter. CGOV Asset Management now owns 41,400 shares of the basic materials company’s stock valued at $3,613,000 after acquiring an additional 1,600 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Franco-Nevada Corporation by 7.1% during the 1st quarter. Wells Fargo & Company MN now owns 40,245 shares of the basic materials company’s stock valued at $2,636,000 after buying an additional 2,652 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Franco-Nevada Corporation by 4.5% during the 1st quarter. Bank of New York Mellon Corp now owns 248,375 shares of the basic materials company’s stock valued at $16,271,000 after buying an additional 10,716 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Franco-Nevada Corporation by 1.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 704,417 shares of the basic materials company’s stock valued at $46,016,000 after buying an additional 6,935 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Franco-Nevada Corporation during the 1st quarter valued at $374,000. 60.24% of the stock is currently owned by institutional investors and hedge funds.

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)

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 MarketBeat.com's FREE daily email newsletter.