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Franco Nevada Corp (NYSE:FNV) has been downgraded to Hold in a statement by Zacks Investment Research today.

Zacks Investment Research has downgraded Franco Nevada Corp (NYSE:FNV) to Hold in a report released on 10/10/2016.

Previously on 10/4/2016, Zacks Investment Research reported about Franco Nevada Corp (NYSE:FNV) raised the target price from $0.00 to $72.00. At the time, this indicated a possible upside of 0.04%.

Yesterday Franco Nevada Corp (NYSE:FNV) traded 0.35% higher at $63.45. The company’s 50-day moving average is $71.06 and its 200-day moving average is $70.73. The last closing price is down -9.98% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 276,969 shares of the stock traded hands, down from an average trading volume of 640,211

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Franco Nevada Corp (NYSE:FNV)

Franco Nevada Corp has a price-earnings ratio of 188.37 with a one year low of $41.47 and a one year high of $81.16 FNV’s total market value is presently $0.

A total of 12 analysts have released a report on Franco Nevada Corp. zero analysts rating the company a strong buy, three analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $61.28.

Brief Synopsis On Franco Nevada Corp (NYSE:FNV)

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company's additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company's business model provides investors with gold price and exploration optionality. The Company has a diversified portfolio of royalties and streams by commodity, geography, revenue type and stage of project. Its assets include Gold (the United States), Gold (Canada), Gold (Australia), Gold (Rest of World), Platinum Group Metals, Other Minerals, and Oil and Gas. The Company's projects include Goldstrike complex, Gold Quarry, Marigold, Pinson, Sterling, Sandman, Robinson, Sudbury basin, Golden Highway, Musselwhite, Hemlo, Hardrock, Duketon, Henty, Red October, Edna May, Wiluna, Palmarejo, Sabodla, Subika, Edikan, Cerro Moro and Edson property.

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