Analysts Set Franco-Nevada Corporation (NYSE:FNV) PT at $172.13

Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV has been assigned an average rating of "Moderate Buy" from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $172.13.

FNV has been the subject of several recent research reports. National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Scotiabank upped their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a research report on Wednesday, May 28th. UBS Group upped their price target on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, HC Wainwright restated a "buy" rating and set a $195.00 price target (up previously from $180.00) on shares of Franco-Nevada in a research report on Wednesday, May 28th.

Hedge Funds Weigh In On Franco-Nevada

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its position in Franco-Nevada by 1.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,207,413 shares of the basic materials company's stock valued at $1,923,400,000 after buying an additional 207,232 shares in the last quarter. Capital World Investors grew its position in Franco-Nevada by 9.8% in the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company's stock valued at $934,106,000 after buying an additional 711,591 shares in the last quarter. Vanguard Group Inc. grew its position in Franco-Nevada by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,845,339 shares of the basic materials company's stock valued at $1,233,891,000 after buying an additional 45,924 shares in the last quarter. Bank of Montreal Can grew its position in Franco-Nevada by 0.3% in the 4th quarter. Bank of Montreal Can now owns 5,300,880 shares of the basic materials company's stock valued at $622,124,000 after buying an additional 15,273 shares in the last quarter. Finally, EdgePoint Investment Group Inc. grew its position in Franco-Nevada by 49.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company's stock valued at $582,100,000 after buying an additional 1,650,358 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Up 0.4%

FNV stock traded up $0.63 during trading on Thursday, hitting $159.58. 596,384 shares of the company's stock traded hands, compared to its average volume of 751,022. Franco-Nevada has a 52 week low of $112.70 and a 52 week high of $179.99. The stock has a fifty day moving average price of $165.94 and a two-hundred day moving average price of $151.85. The stock has a market capitalization of $30.74 billion, a price-to-earnings ratio of 49.87, a price-to-earnings-growth ratio of 2.18 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The firm had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm's revenue for the quarter was up 43.5% compared to the same quarter last year. As a group, equities research analysts expect that Franco-Nevada will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a $0.38 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 0.95%. Franco-Nevada's dividend payout ratio is presently 47.50%.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.