Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has been given a $92.00 target price by equities researchers at TD Securities in a report released on Thursday. The firm currently has a “buy” rating on the basic materials company’s stock. TD Securities’ price objective points to a potential upside of 15.48% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Credit Suisse Group downgraded shares of Franco-Nevada Corporation from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $78.00 to $80.00 in a research note on Monday, September 25th. Scotiabank lifted their price target on shares of Franco-Nevada Corporation from $79.50 to $82.00 and gave the company a “sector perform” rating in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Franco-Nevada Corporation in a research note on Thursday, September 7th. ValuEngine raised shares of Franco-Nevada Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, BidaskClub raised shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. 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 a consensus price target of $79.81.

Franco-Nevada Corporation (NYSE:FNV) traded down 0.06% on Thursday, hitting $79.67. The company’s stock had a trading volume of 372,672 shares. Franco-Nevada Corporation has a 12 month low of $53.31 and a 12 month high of $85.03. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 100.47 and a beta of -0.12. The firm has a 50 day moving average of $80.27 and a 200 day moving average of $74.43.

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, meeting 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 firm had revenue of $163.60 million during the quarter, compared to the consensus estimate of $164.62 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Equities research analysts forecast that Franco-Nevada Corporation will post $1.02 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in Franco-Nevada Corporation by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 3,642 shares of the basic materials company’s stock worth $263,000 after buying an additional 30 shares in the last quarter. Capstone Asset Management Co. grew its holdings in Franco-Nevada Corporation by 0.5% in the second quarter. Capstone Asset Management Co. now owns 23,100 shares of the basic materials company’s stock worth $1,667,000 after purchasing an additional 120 shares during the last quarter. Korea Investment CORP grew its holdings in Franco-Nevada Corporation by 1.9% in the second quarter. Korea Investment CORP now owns 11,234 shares of the basic materials company’s stock worth $809,000 after purchasing an additional 212 shares during the last quarter. Chase Investment Counsel Corp grew its holdings in Franco-Nevada Corporation by 7.5% in the second quarter. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 305 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Franco-Nevada Corporation by 0.8% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 46,050 shares of the basic materials company’s stock worth $3,324,000 after purchasing an additional 350 shares during the last quarter. 60.24% of the stock is owned by institutional investors.

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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