FNV
NYSE · Metals & Mining
Franco-Nevada Corp
$230.71
+3.86 (+1.70%)
Performance
1D
—
1W
—
1M
—
3M
+6.12%
6M
+6.06%
1Y
+48.06%
YTD
+10.61%
Open$224.22
Previous Close$226.85
Day High$232.71
Day Low$222.35
52W High$368.63
52W Low$196.16
Volume—
Avg Volume329.4K
Market Cap67.11B
P/E Ratio53.29
EPS$4.77
SectorMetals & Mining
Technical Indicators
Full analysis →
SMA 50
$231.24
Below
SMA 200
$194.99
Above
RSI (14)
47.2
Neutral
Trend
Golden Cross
Bullish
Analyst Ratings
Buy
20 analysts
Price Target
-18.1% upside
Current
$230.71
$230.71
Target
$188.99
$188.99
$121.33
$188.99 avg
$207.45
Key Financials
| FY 2026 | FY 2025 | FY 2024 | |
|---|---|---|---|
| Revenue | 1.52B | 1.60B | 34.27B |
| Net Income | 753.04M | 713.64M | 2.99B |
| Profit Margin | 49.6% | 47.1% | 8.7% |
| EBITDA | 1.30B | 1.30B | 6.85B |
| Free Cash Flow | — | — | 2.97B |
| Rev Growth | -5.0% | -5.0% | +12.4% |
| Debt/Equity | — | — | 0.91 |
Dividend
Dividend Yield0.62%
Annual Dividend$1.26
Payout Ratio43.9%
Frequencysemi-annual
Ex-DividendMar 4, 2026
Pay DateMar 24, 2026
About Franco-Nevada Corp
Franco-Nevada Corporation is a leading gold-focused royalty and streaming company headquartered in Toronto, Ontario, Canada, with no mining operations of its own. The company acquires royalties and streams on producing, development, and exploration-stage mines, generating revenue tied to commodity prices without bearing direct operating or capital cost exposure. Franco-Nevada's portfolio spans gold, silver, platinum group metals, and oil and gas royalties across North America, Latin America, and internationally. As the largest gold-focused royalty company by market capitalization, it competes with Royal Gold and Wheaton Precious Metals, and is widely regarded as a benchmark for the royalty and streaming business model in the precious metals sector.
Metals & Mining Peers
| Symbol | Name | Price | Change | P/E | Mkt Cap |
|---|---|---|---|---|---|
| SCCO | Southern Copper Corp | $159.88 | +0.18% | 29.0 | 125.75B |
| AEM | Agnico Eagle Mines Ltd | $183.49 | -0.30% | 20.7 | 126.97B |
| NEM | Newmont Corp | $99.02 | +0.90% | 15.2 | 107.92B |
| B | Barrick Mining Corp | $38.03 | +0.90% | 12.8 | 87.84B |
| FCX | Freeport-Mcmoran Inc | $56.48 | +2.80% | 38.7 | 85.31B |
| WPM | Wheaton Precious Metals Corp | $120.59 | +0.59% | 69.8 | 95.34B |
FNV Frequently Asked Questions
What does Franco-Nevada do?
Franco-Nevada does not operate a single mine. Instead, it finances mining companies in exchange for the right to purchase a fixed percentage of future production at predetermined prices — a model called royalties and streaming. When a mine produces gold, Franco-Nevada collects its share without bearing the operating costs, labor disputes, or environmental liabilities that burden traditional miners. The portfolio spans gold, silver, platinum group metals, and oil and gas royalties across multiple continents, giving the company exposure to commodity prices with significantly lower risk than direct mining.
Is FNV stock a good investment?
Franco-Nevada trades at a consistent premium to gold miners, reflecting the royalty model's structural advantages: no operating cost inflation, no capital calls from mine operators, and a diversified portfolio that limits single-asset risk. When gold prices rise, Franco-Nevada's margins expand without the offsetting cost pressures that hurt producers. The price-to-cash-flow multiple is typically high relative to miners, which means new buyers are paying for quality and predictability. Growth depends on deal origination, and competition from Wheaton Precious Metals and Royal Gold has intensified for new royalty packages.
Who are Franco-Nevada's main competitors?
Wheaton Precious Metals is Franco-Nevada's closest structural peer, with a large streaming portfolio focused on silver and gold. Royal Gold competes with a royalty-heavy approach across gold and other metals. Osisko Gold Royalties is a smaller but active Canadian competitor. Sandstorm Gold and Triple Flag Precious Metals compete at smaller deal sizes. Unlike traditional miners, all of these companies are effectively competing for the same finite supply of new royalty and streaming opportunities from mine developers seeking non-dilutive financing.
Does Franco-Nevada pay dividends?
Franco-Nevada has paid and grown its dividend every year since going public in 2008, establishing itself as a reliable income compounder in the precious metals space. The yield is modest given the stock's premium valuation, but the dividend growth track record across multiple commodity cycles — including periods of very low gold prices — demonstrates the business model's resilience. Management has positioned the dividend as a core part of the total return proposition alongside portfolio growth from new royalty additions.
What is the current share price of FNV?
FNV is currently trading at $230.71, up 1.70% in today's session. Over the past 52 weeks, the stock has traded between a low of $196.16 and a high of $368.63. The current price represents 20% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.
Is FNV rated a buy or sell by analysts?
Among 20 analysts covering FNV, the consensus rating is Buy — 12 rate it a buy, 8 hold, and 0 sell. The average price target sits at $188.99, implying 18% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.
What are Franco-Nevada Corp's earnings?
Franco-Nevada Corp generated $1.52B in revenue during fiscal year 2026, with $753.04M reaching the bottom line as net income. The net profit margin of 49.6% is strong by most industry standards.
How is FNV valued compared to earnings?
FNV trades at a P/E ratio of 53.29 on trailing earnings of $4.77 per share. That's well above the S&P 500 historical average of ~20-25x, which typically signals that investors are pricing in aggressive future growth. Comparing this multiple against Metals & Mining sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.
What is FNV's return over the past year?
Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +6.12% (3M), +6.06% (6M), +48.06% (1Y), +10.61% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether FNV is outperforming or lagging the broader market.