Franco-Nevada stock
FNVNYSEFranco-Nevada Corporation, Basic MaterialsISIN CA3518581051
75Score 75 out of 100, Strong
Price and trend
80 / 100
Price history
+28% in one yearThe chart shows daily closes over 19 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 3.8% above it.
Since September 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 60).
The price is 11% below its 52-week high. Largest decline in 19 years: 59% (July 2008 to October 2008).
Chart figures for advanced users
- SMA 50$248.43
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$239.70
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)60
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$189.96
- The lowest closing price of the last twelve months.
- Resistance$280.82
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Franco-Nevada Corporation belongs to the Gold industry (Canada) and, with a market value of $47.98B, is number 7 of 53 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.82B (up 63.7% year on year) and earnings of $1.11B (up 101.4%).
- For fiscal 2026, analysts expect on average revenue of $2.49B (up 36.4%) and adjusted earnings per share of $8.00 (up 43.2%).
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- MEQIRI Score 75 out of 100 (Strong): rank 33 of 467 in Basic Materials, median 58.
- The P/E is 32.5 (Gold median 12.2, own median of recent years 54.9).
- Our model puts fair value at $154.74, with the price 61% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 63.8% over the last 12 months, Gold median 27%.Profitability 87
- Earnings per share growingUp 26.7% a year since 2020.Growth 88
- More cash than debtCash $1.01B, financial debt $0.Stability 88
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are growth and stability, while valuation holds the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 76 to 75.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- high growth grade (crashed more often in the backtest)
Valuation
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $110.53 and expensive above $257.90 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $215.91 (cash-flow model) and $93.58 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $135.79, at 7.8% it would be $183.23.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (12.2).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 73.6% on the twelve months before. Revenue has grown strongly since 2007, at around 42% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 74%, operating 71%, net 61%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 9 Mar 2027in 117 days
- Last reported
- 11 Nov 2026EPS reported $1.89 (expected $1.77)above expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 4.3% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $8.00−4.3%
- Revenue
- $2.49B−1.3%
- Earnings per share
- $8.94−4.1%
- Revenue
- $2.83B−1.8%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: −3.8%Franco-Nevada now tracks toward the upper half of its 2026 guidance of 510,000 to 570,000 GEOs, helped by higher energy revenue and Cobre Panamá.
“With respect to our guidance summarized on Slide 9, we have guided to 510,000 to 570,000 total GEOs sold for the full year 2026.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 12 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Franco-Nevada
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
467 rated companies in Basic Materials
- This company
- 75
- Sector median
- 58
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Gold
The next larger and next smaller companies by market value
- Agnico Eagle MinesAEM $94.01B75
- Barrick MiningB $64.29B74
- Wheaton Precious MetalsWPM $61.58B71
- Zijin Gold International2259.HK $48.13B79
- AngloGold Ashanti PlcAU $46.54B75
- Gold FieldsGFI $33.3B77
- Kinross GoldKGC $25.29B71
- Royal GoldRGLD $22.82B77
ETFs that hold Franco-Nevada
Held by 43 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Gold Producers UCITS ETF USD (Acc)IS0E | 5.95% | 0.55% | €3.87B |
| VanEck Gold Miners UCITS ETFG2X | 5.47% | 0.53% | €3.97B |
| VanEck S&P Global Mining UCITS ETF A USDWMIN | 2.51% | 0.50% | €1.98B |
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| Xtrackers MSCI World Materials UCITS ETF 1CXDWM | 1.72% | 0.25% | €715.95M |
| iShares MSCI Canada UCITS ETFSXR2 | 1.58% | 0.48% | €2.15B |
| UBS MSCI Canada UCITS ETF CAD disUIM9 | 1.41% | 0.33% | €2.06B |
| JPM Global Equity Multi-Factor UCITS ETF USD AccJPGL | 0.25% | 0.19% | €278.91M |
| Xtrackers MSCI World ex USA UCITS ETF 1CEXUS | 0.20% | 0.15% | €7.49B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 21 Oct 2026)
- Valuation signal Fairly valued since 11 Nov 2026, previously Overvalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.