Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV)‘s stock had its “buy” rating restated by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday. They currently have a $100.00 price objective on the basic materials company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 25.13% from the stock’s current price.

Several other research analysts have also recently commented on FNV. Deutsche Bank AG restated a “hold” rating and issued a $64.00 target price (down previously from $65.00) on shares of Franco-Nevada Corporation in a research report on Sunday, June 25th. BidaskClub upgraded shares of Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, July 12th. Barclays PLC decreased their target price 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. Finally, Credit Suisse Group set a $78.00 target price on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.65.

Shares of Franco-Nevada Corporation (NYSE FNV) traded up 0.31% during midday trading on Monday, reaching $79.92. The company’s stock had a trading volume of 534,511 shares. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $85.03. The stock has a 50 day moving average of $80.27 and a 200-day moving average of $74.43. The company has a market capitalization of $14.82 billion, a P/E ratio of 100.78 and a beta of -0.12.

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data 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 firm had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. Franco-Nevada Corporation’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. On average, equities research analysts anticipate that Franco-Nevada Corporation will post $1.02 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of FNV. CGOV Asset Management boosted its holdings in shares of Franco-Nevada Corporation by 4.0% in the first 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. Karp Capital Management Corp bought a new position in shares of Franco-Nevada Corporation in the first quarter valued at approximately $374,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Franco-Nevada Corporation by 58.7% in the first quarter. Parametric Portfolio Associates LLC now owns 40,285 shares of the basic materials company’s stock valued at $2,639,000 after acquiring an additional 14,894 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Franco-Nevada Corporation by 73.6% in the first quarter. Stifel Financial Corp now owns 7,372 shares of the basic materials company’s stock valued at $487,000 after acquiring an additional 3,125 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Franco-Nevada Corporation by 19.6% in the first quarter. SG Americas Securities LLC now owns 6,228 shares of the basic materials company’s stock valued at $408,000 after acquiring an additional 1,019 shares in the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.

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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