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FNV

Franco-Nevada Corporation

FNV

NYSE·Basic Materials·Gold·Mkt cap $40.2B

$214.63

▲ +2.94%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$152.89 - $285.67

P/E

30.19

Fwd P/E

21.59

Beta

0.89

Div Yield

0.79%

Avg Vol

838.3K

Shares Out

192.8M

Mkt Cap

$40.2B

Price action

Price chart

Up 26.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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

Strong growth ahead

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

Weak

-19.1% over 3m

Quality

Excellent

High-growth business (72% revenue growth, 77% gross margin). Profitable with strong growth momentum.

Dividend

Modest

0.79% yield

Earnings track record

Latest print - beat on both lines

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

Next: Aug 3, 2026

“
Q2 26 RECAP

MAY 12, 2026

Reported EPS of $2.38 vs $2.09 consensus (+13.9% surprise). Revenue of $650.7M vs $634.4M expected (+2.6%). Beat on both top and bottom lines.

EPS beat +13.9%
Rev beat +2.6%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+13.9%

Next: Aug 3, 2026

Revenue trend · last 8Q

—

—

—

+43%

+42%

+77%

+88%

+74%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$260.1M

$275.7M

$321.0M

$368.4M

$369.4M

$487.7M

$604.9M

$641.1M

Margins · last 8Q

Gross

—

Operating

—

Profit

72.1%

View full earnings history →

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

$290.50

▲ +35.3% vs $214.63

Low $290.00
Median $290.50
High $291.00

Latest: UBS · Jun 30, 2026

2 analysts covering

View full analyst page →

vs Industry

How FNV stacks vs Gold

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

Industry comparison data unavailable for this stock.