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FNV

Franco-Nevada Corporation

FNV

NYSE·Basic Materials·Gold·Mkt cap $50.1B

$270.31

+4.08%

P/E

35.47

Mkt Cap

$50.1B

52-Wk Range

$181.50–$285.67

52-Week Range

$181.50 - $285.67

P/E

35.47

Fwd P/E

32.11

Beta

0.91

Div Yield

0.63%

Avg Vol

831.1K

Shares Out

192.8M

Mkt Cap

$50.1B

Price action

Price chart

Up 36.7% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Royalty and streaming business model with superior margins vs. mining operators
  • Diversified portfolio across multiple commodities and geographies reducing concentration risk
  • Established relationships and deal-making expertise accumulated since 1983
  • Lower operational risk and capital intensity compared to traditional mining companies

Bear Case

2 risks

  • Average volatility.
  • Growth premium of 2.1x vs Precious Metals Mining peers. Elevated but may be justified by growth trajectory.

Growth

Stable outlook

Rising gold prices driven by geopolitical uncertainty and inflation hedging demand

Value

Growth premium of 2.1x vs Precious Metals Mining peers. Elevated but may be justified by growth trajectory.

Momentum

Strong

+13.3% over 3m

Quality

Excellent

High-growth business (73% revenue growth, 77% gross margin). Profitable with strong growth momentum.

Dividend

Modest

0.63% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 2, 2026

Q3 26 RECAP

AUG 11, 2026

Reported EPS of $1.81 vs $1.95 consensus (-7.2% surprise). Revenue of $580.9M vs $616.7M expected (-5.8%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-7.2%

Revenue trend · last 8Q

+43%

+42%

+77%

+88%

+74%

+57%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$275.7M

$321.0M

$368.4M

$369.4M

$487.7M

$604.9M

$641.1M

$579.0M

Margins · last 8Q

Gross

77.9%

Operating

77.0%

Profit

61.1%

Wall Street consensus

4 analysts · 75% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

75%

Hold

1

25%

Sell

0%

Median Price Target

Latest: Scotiabank · Jul 14, 2026

vs Industry

How FNV stacks vs Gold

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.