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Investors should hold on Stock: Franco-Nevada Corporation (FNV)

12 August 2017

1026698 shares were traded during the last session.

Raymond James began new coverage on Franco-Nevada Corporation giving the company a "outperform" rating.

Several other equities analysts have also recently weighed in on the company. Korea Investment acquired a new position in Franco-Nevada Corporation during the Q1 worth at $720,000. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company's stock valued at $314,000 after buying an additional 305 shares during the period. Hexavest Inc. increased its stake in Franco-Nevada Corporation by 50.7% in the second quarter.

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As of quarter end Ci Global Investments Inc. had sold a total of 27,684 shares trimming its position 1.8%. The rating was upgraded by Citigroup on Tuesday, February 23 to "Neutral". Finally, Barometer Capital Management Inc. boosted its stake in shares of Franco-Nevada Corporation by 4,017.1% in the second quarter. Hexavest Inc. now owns 1,662 shares of the basic materials company's stock valued at $120,000 after buying an additional 559 shares during the period. Finally, Great West Life Assurance Co. Franklin Resources Inc now owns 2,779,913 shares with a value of $200,644,000. Fmr Llc owns $1 billion in Franco-Nevada Corporation, which represents roughly 7.45% of the company's market cap and approximately 11.59% of the institutional ownership. The company has a 50 day moving average price of $72.51 and a 200-day moving average price of $69.02. Franco-Nevada Corporation has a one year low of $53.31 and a one year high of $79.17.

Franco-Nevada Corporation (NYSE FNV) transacted up 0.01% through out intraday market trading on early Monday, topping $77.67. In the latest earnings report the EPS was $0.78 and is projected to be $0.98 for the current year with 182,399,000 shares now outstanding. The firm had revenue of $163.60 million for the quarter, compared to analysts' expectations of $164.62 million. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. The firm's quarterly revenue was up 8.8% on a year-over-year basis. Nagle now anticipates that the basic materials company will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.27. Franco-Nevada Corp had 32 analyst reports since August 11, 2015 according to SRatingsIntel.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a dividend of $0.23 per share. The ex-dividend date was set for Tuesday the 13th of June 2017. Comparatively, FNV posted earnings of $0.23 per share in the same quarter, a year earlier. Franco-Nevada Corporation's dividend payout ratio (DPR) is now 119.48%.

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Franco-Nevada Corporation (FNV) now has a Return on Assets (ROA) value of 0 Percent. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of USA & global trademark & copyright legislation. The legal version of this article can be read at Franco-Nevada Corporation has a consensus rating of "Buy" and a consensus price target of $78.89. The stock of Franco Nevada Corp (NYSE:FNV) has "Equal-Weight" rating given on Thursday, July 13 by Barclays Capital.

Franco Nevada Corp (TSE FNV) opened at 98.96 on Friday. BidaskClub downgraded shares of Franco-Nevada Corporation from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 5th. On Wednesday, October 26 the stock rating was initiated by Desjardins Securities with "Buy". The stock was sold at an average price of C$100.01, for a total transaction of C$1,500,150.00.

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Addenda Capital Inc decreased Franco Nevada Corp (FNV) stake by 5.25% reported in 2016Q4 SEC filing.

Investors should hold on Stock: Franco-Nevada Corporation (FNV)