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Franco-Nevada Corporation logo

Franco-Nevada Corporation

FNV

NYSEBasic MaterialsGold

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Regular session

$268.07

+$2.33 · +0.88%

Aug 24, 1:41 PM ET

FNV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

79

Undervalued

Momentum

30

Weakening

Sentiment

65

Bullish

Risk resilience

55

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. It operates through Precious Metals, Other 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. The company was founded in 1986 and is headquartered in Toronto, Canada.

Industry
Gold
Sector
Basic Materials
Headquarters
CA
CEO
Paul J. Brink
Listed since
Dec 3, 2007
Employees
42

Market position

Day range

Current $268.07

52-week range

Current $268.07

Open
$266.76
Previous close
$265.74
Volume
325.87K
0.4× average
Average volume
818.79K
Average daily volume
Market cap
51.7B USD
Beta
0.91
Market reference 1
50-day average
$219.12
+22.34% above average
200-day average
$229.08
+17.02% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
39.52B USD
P/E (TTM)
35×
P/B (TTM)
6.29×
P/S (TTM)
22.32×
EV / EBITDA
22.94×
Earnings yield
2.78%
Free cash flow yield
3.73%
Dividend yield
0.61%

Profitability & efficiency

Gross margin
77.32%
Operating margin
75.61%
Net margin
63.79%
Return on equity
14.59%
Return on assets
13.52%
Return on invested capital
12.61%

Financial health

Debt / equity
0×
Current ratio
8.3×
Altman Z-score
46.57
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends85%40%-5%-49%Gross margin, FY2021: 63.24%Gross margin, FY2022: 64.80%Gross margin, FY2023: 62.89%Gross margin, FY2024: 68.18%Gross margin, FY2025: 73.91%Operating margin, FY2021: 60.87%Operating margin, FY2022: 62.32%Operating margin, FY2023: 60.60%Operating margin, FY2024: 65.08%Operating margin, FY2025: 71.37%Net margin, FY2021: 56.44%Net margin, FY2022: 53.25%Net margin, FY2023: -38.26%Net margin, FY2024: 49.58%Net margin, FY2025: 61.01%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 63.24%. Gross margin FY2022 64.80%. Gross margin FY2023 62.89%. Gross margin FY2024 68.18%. Gross margin FY2025 73.91%. Operating margin FY2021 60.87%. Operating margin FY2022 62.32%. Operating margin FY2023 60.60%. Operating margin FY2024 65.08%. Operating margin FY2025 71.37%. Net margin FY2021 56.44%. Net margin FY2022 53.25%. Net margin FY2023 -38.26%. Net margin FY2024 49.58%. Net margin FY2025 61.01%.

Income trends

Revenue

1.82B USD+63.69%

Operating income

1.3B USD+79.51%

Net income

1.11B USD+101.43%
Income trends across reported periods2.05B USD1.14B USD220.36M USD−695.32M USDRevenue, FY2021: 1.3B USDRevenue, FY2022: 1.32B USDRevenue, FY2023: 1.22B USDRevenue, FY2024: 1.11B USDRevenue, FY2025: 1.82B USDOperating income, FY2021: 791.3M USDOperating income, FY2022: 820M USDOperating income, FY2023: 738.7M USDOperating income, FY2024: 724.7M USDOperating income, FY2025: 1.3B USDNet income, FY2021: 733.7M USDNet income, FY2022: 700.6M USDNet income, FY2023: −466.4M USDNet income, FY2024: 552.1M USDNet income, FY2025: 1.11B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.3B USD. Revenue FY2022 1.32B USD. Revenue FY2023 1.22B USD. Revenue FY2024 1.11B USD. Revenue FY2025 1.82B USD. Operating income FY2021 791.3M USD. Operating income FY2022 820M USD. Operating income FY2023 738.7M USD. Operating income FY2024 724.7M USD. Operating income FY2025 1.3B USD. Net income FY2021 733.7M USD. Net income FY2022 700.6M USD. Net income FY2023 −466.4M USD. Net income FY2024 552.1M USD. Net income FY2025 1.11B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.82B USD1.11B USD1.22B USD1.32B USD1.3B USD
Cost of goods sold475.5M USD354.3M USD452.4M USD463.1M USD477.9M USD
Gross profit1.35B USD759.3M USD766.6M USD852.6M USD822.1M USD
Selling, general, and administrative46.4M USD34.6M USD27.9M USD32.6M USD30.8M USD
Operating expenses46.4M USD34.6M USD27.9M USD32.6M USD30.8M USD
Interest income28.69M USD57.69M USD53.26M USD12.1M USD3.67M USD
Interest expense3.15M USD2.48M USD2.95M USD3.07M USD3.57M USD
Depreciation and amortization306.7M USD225.3M USD273.1M USD286.2M USD299.6M USD
Operating income1.3B USD724.7M USD738.7M USD820M USD791.3M USD
Net income1.11B USD552.1M USD−466.4M USD700.6M USD733.7M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+4.99%
11 comparable reports
Latest EPS result
1.81
Estimate 1.95 · Miss by 7.18%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.51.921.350.77Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual 0.95, estimate 0.89, surprise +6.74%, Beat. Q2 2025, reported May 8, 2025: actual 1.07, estimate 1, surprise +7.00%, Beat. Q3 2025, reported Aug 11, 2025: actual 1.24, estimate 1.1, surprise +12.73%, Beat. Q4 2025, reported Nov 3, 2025: actual 1.43, estimate 1.37, surprise +4.38%, Beat. Q1 2026, reported Mar 10, 2026: actual 1.85, estimate 1.68, surprise +10.12%, Beat. Q2 2026, reported May 12, 2026: actual 2.38, estimate 2.09, surprise +13.88%, Beat. Q3 2026, reported Aug 11, 2026: actual 1.81, estimate 1.95, surprise -7.18%, Miss. Q4 2026, reported Nov 2, 2026: actual —, estimate 2.02, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates678.4M544.51M410.62M276.74MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual 317.9M USD, estimate 304.44M USD, surprise +4.42%, Beat. Q2 2025, reported May 8, 2025: actual 368.4M USD, estimate 333.27M USD, surprise +10.54%, Beat. Q3 2025, reported Aug 11, 2025: actual 369.4M USD, estimate 432.85M USD, surprise -14.66%, Miss. Q4 2025, reported Nov 3, 2025: actual 487.7M USD, estimate 536.02M USD, surprise -9.01%, Miss. Q1 2026, reported Mar 10, 2026: actual 597.3M USD, estimate 539.77M USD, surprise +10.66%, Beat. Q2 2026, reported May 12, 2026: actual 650.7M USD, estimate 634.43M USD, surprise +2.56%, Beat. Q3 2026, reported Aug 11, 2026: actual 580.9M USD, estimate 616.66M USD, surprise -5.80%, Miss. Q4 2026, reported Nov 2, 2026: actual —, estimate 620.5M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$280

4.45% upside
Past 12 months12-month forecastHigh $305Average $280Low $245

Rating distribution

26 ratings
Strong buy00%
Buy1246%
Hold1246%
Sell28%
Strong sell00%

Recent analyst actions

9 institutions
TD CowenupgradeHoldBuy

FNV news

zacks.com

Zacks Industry Outlook Franco-Nevada, Centerra, Novagold, Northern Dynasty and Dakota

Franco-Nevada, Centerra, Novagold, Northern Dynasty and Dakota have been highlighted in this Industry Outlook article.

Read source
zacks.com

5 Gold Mining Stocks to Watch Amid Ongoing Industry Pressures

Recent dip in gold prices and cost pressures weigh on the Zacks Mining - Gold industry. We suggest adding stocks like FNV, CGAU, NG, NAK and DC, which are poised for growth.

Read source
zacks.com

Franco-Nevada Q2 Earnings Miss Estimates, Revenues Soar 57% Y/Y

FNV's Q2 revenues jump 57% y/y, fueled by higher precious metal and oil prices, while earnings miss estimates and margins contract.

Read source
marketbeat.com

Franco-Nevada Q2 Earnings Call Highlights

Franco-Nevada NYSE: FNV reported higher second-quarter production-equivalent sales and record first-half financial results, aided by stronger precious-metal and oil prices, increased production at key assets, and…

Read source
prnewswire.com

Franco-Nevada Reports Q2 2026 Results

TORONTO, Aug. 11, 2026 /PRNewswire/ -- Gold equivalent ounces sold in the quarter were 18% higher compared to the prior year period. Financial results benefited further from strong year-over-year precious metal and oil…

Read source
invezz.com

TSX Composite Index outlook ahead of Barrick Gold, Franco-Nevada earnings

The TSX Composite Index has soared this year, even as gold prices have recoiled. It has jumped by 14.35% this year and 30% in the last 12 months, outperforming the S&P 500.

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.52

2025 complete year+31.0% since 2021

2026 partial: $0.88

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 10, 2026

$0.44

Quarterly

Record Sep 10, 2026 · Payment Sep 24, 2026

Dividend

Ex-dividend Jun 11, 2026

$0.44

Quarterly

Record Jun 11, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Mar 12, 2026

$0.44

Quarterly

Record Mar 12, 2026 · Payment Mar 26, 2026

Dividend

Ex-dividend Dec 4, 2025

$0.38

Quarterly

Record Dec 4, 2025 · Payment Dec 18, 2025

Dividend

Ex-dividend Sep 11, 2025

$0.38

Quarterly

Record Sep 11, 2025 · Payment Sep 25, 2025

Dividend

Ex-dividend Jun 12, 2025

$0.38

Quarterly

Record Jun 12, 2025 · Payment Jun 26, 2025

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ETFs holding FNV

Funds reporting this stock among their holdings, ordered by reported position size.

VanEck Gold Miners ETF logoVanEck Gold Miners ETFGDX
Market value
1.41B
Weight
4.56%
AUM
31.98B USD
Expense ratio
0.51%
Price / 1D
$102.69-0.14%
Amplify Junior Silver Miners ETF logoAmplify Junior Silver Miners ETFSILJ
Market value
96.14M
Weight
2.28%
AUM
4.22B USD
Expense ratio
0.69%
Price / 1D
$31.815-0.36%
Horizon Kinetics Inflation Beneficiaries ETF logoHorizon Kinetics Inflation Beneficiaries ETFINFL
Market value
89.29M
Weight
5.40%
AUM
1.48B USD
Expense ratio
0.85%
Price / 1D
$55.46-0.32%
U.S. Global GO GOLD and Precious Metal Miners ETF logoU.S. Global GO GOLD and Precious Metal Miners ETFGOAU
Market value
20.87M
Weight
9.44%
AUM
163.22M USD
Expense ratio
0.60%
Price / 1D
$50.105+0.65%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
20.4M
Weight
0.11%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.225-0.29%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
12.65M
Weight
0.08%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.28-0.33%
Absolute Select Value ETF logoAbsolute Select Value ETFABEQ
Market value
8.42M
Weight
6.86%
AUM
143M USD
Expense ratio
0.85%
Price / 1D
$39.41+0.59%
Keeley Dividend ETF logoKeeley Dividend ETFKDVD
Market value
6.33M
Weight
0.88%
AUM
7.2M USD
Expense ratio
0.90%
Price / 1D
$29.21440.00%

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