Franco-Nevada (NYSE:FNV) Shares Down 4.1% - What's Next?

Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV dropped 4.1% during trading on Tuesday . The company traded as low as $160.89 and last traded at $158.61. Approximately 102,870 shares traded hands during trading, a decline of 86% from the average daily volume of 746,321 shares. The stock had previously closed at $165.39.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FNV shares. HC Wainwright restated a "buy" rating and issued a $195.00 price objective (up from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. UBS Group boosted their price objective on Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Royal Bank Of Canada boosted their price objective on Franco-Nevada from $160.00 to $190.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Finally, Scotiabank lifted their target price on Franco-Nevada from $165.00 to $169.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $172.13.

Franco-Nevada Price Performance

The firm has a market cap of $30.76 billion, a PE ratio of 49.90, a price-to-earnings-growth ratio of 2.18 and a beta of 0.41. The company has a 50 day simple moving average of $166.04 and a 200-day simple moving average of $151.57.

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

Franco-Nevada Dividend Announcement

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

Institutional Trading of Franco-Nevada

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Franco-Nevada by 257.7% in the second quarter. Farther Finance Advisors LLC now owns 973 shares of the basic materials company's stock valued at $159,000 after purchasing an additional 701 shares during the last quarter. Clare Market Investments LLC bought a new stake in Franco-Nevada in the second quarter valued at approximately $760,000. Beacon Financial Group lifted its position in Franco-Nevada by 1.0% in the second quarter. Beacon Financial Group now owns 7,169 shares of the basic materials company's stock valued at $1,175,000 after purchasing an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Franco-Nevada in the second quarter valued at approximately $477,000. Finally, Voya Investment Management LLC bought a new stake in Franco-Nevada in the first quarter valued at approximately $249,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

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.