Franco-Nevada (FNV)
Owns gold-focused royalties and streams while third parties operate the underlying mines.
Something off on this page? Send us feedback.
Owns gold-focused royalties and streams across hundreds of mining assets while third parties fund and operate the mines. Contract evaluation and portfolio diversification support a small corporate footprint, while cash-flow timing and asset values depend on operator performance, counterparties and host-country law.
Owns gold-focused royalties and streams across hundreds of mining assets without operating mines. Royalties provide contractual interests in production or revenue, while streams pair upfront funding with contracted purchases of future metal. The portfolio spans commodities, jurisdictions and development stages, including long-life precious-metal streams tied to large copper mines such as Candelaria, Antamina and Antapaccay.
Builds value by evaluating, acquiring and administering contracts through a small organization while mine operators fund and manage extraction. Diversification and long-duration agreements spread exposure across mines and regions, including North America, Latin America and Australia.
Cash-flow timing and asset values depend on operator performance, counterparties and host-country law. Cobre Panamá remains suspended; authorized stockpile processing did not constitute a mine restart. The company holds the economic interest but does not control mine operations, concessions or government decisions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 14, 2026 | Scotiabank | Reiterate | Rating: —Target: $290 | Target: $274 |
| Jul 9, 2026 | RBC Capital | Reiterate | Rating: —Target: $250 | Target: $285 |
| Jul 6, 2026 | Jefferies | Reiterate | Rating: —Target: $228 | Target: $245 |
| Jun 30, 2026 | UBS | Reiterate | Rating: —Target: $310 | Target: $280 |
| May 20, 2026 | TD Securities | Target | Target: $152 | Target: $291 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.01B · Total debt $0 · Total assets $8.92B · Shareholders' equity $8.24B
- Revenue
- $580.9M
- Operating income
- $445.7M
- Net income
- $354.0M
HistoryDividendAnnual yield
| Institutions | 71.85% | 138.53M ADS | |
|---|---|---|---|
| 691 holders · as of Jun 30, 2026 | |||
| Other | 28.15% | 54.27M ADS | |
| remainder | |||
192.80M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 11.23% | 21.65M ADS | as of Jun 30, 2026 |
Massachusetts Financial Services Co /MA/Institution | 5.73% | 11.05M ADS | as of Jun 30, 2026 |
Van Eck Associates CorpInstitution | 3.64% | 7.02M ADS | as of Jun 30, 2026 |
FIL LtdInstitution | 3.53% | 6.81M ADS | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.91% | 5.62M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Wheaton Precious Metals
Closest large-scale rival in precious-metals streaming
- Royal Gold
Large precious-metals royalty and streaming rival
- Triple Flag Precious Metals
Growing rival in customized gold and silver financing
- OR Royalties
Tier-1-jurisdiction precious-metals royalty rival
- Gold Royalty
Smaller gold-focused rival in royalty acquisition and finance
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Franco-Nevada | $265.31 | +1.39% | $50.47B | 34.2 | 29.9 | 21.8 | +57.3% |
| Wheaton Precious Metals | $151.70 | +2.74% | $67.06B | 32.7 | 29.5 | 21.1 | +84.7% |
| Royal Gold | $254.28 | +1.67% | $21.23B | 27.3 | 21.4 | 13.7 | +114.9% |
| Triple Flag Precious Metals | $33.37 | +1.85% | $6.77B | 16.4 | 26.3 | 13.9 | +37.3% |
| OR Royalties | $37.05 | +2.60% | $6.77B | 24.1 | 22.7 | 18.7 | +62.1% |
| Gold Royalty | $3.31 | +1.23% | $752.4M | 493.9 | 44.6 | 33.4 | +76.1% |
| Median | 27.3 | 26.3 | 18.7 | +76.1% |