# Franco-Nevada Corporation (FNV)

> Source: Nexqual · https://nexqual.com/FNV · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Franco-Nevada Corporation (FNV), nexqual.com/FNV" · informational, not investment advice.

**Price:** USD 231.94 (-4.74% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 243.49 · day 231.5–239.24 · 52w 181.5–285.67 · market cap $44.7B · NYQ

## Key facts
- 2 of 80 tracked superinvestors hold FNV (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Total return with dividends: 1Y +21.9% vs S&P 500 +14.9%; 5Y +69.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-11, EPS estimate USD 1.77, revenue estimate $552M.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold FNV. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 1.83% | $1.10B | Reduced -0.0% |
| Thomas Gayner | Markel Group | 1.23% | $161M | Added +9.2% |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-16 | RBC Capital | Target raised | Outperform | $285 → $300 |
| 2026-07-14 | Scotiabank | Target lowered | Sector Perform | $290 → $274 |
| 2026-07-09 | RBC Capital | Target lowered | Outperform | $295 → $285 |
| 2026-07-09 | B of A Securities | Target lowered | Neutral | $276 → $238 |
| 2026-07-06 | Jefferies | Target lowered | Hold | $258 → $245 |
| 2026-06-30 | UBS | Target lowered | Buy | $310 → $280 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +21.9% | +69.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +22.0% | +11.0% |
| Volatility (annualized) | 38.9% | 30.2% |
| Max drawdown | -29.2% (Feb 2026→Jul 2026) | -34.8% (Apr 2022→Feb 2024) |

## Peers (Gold)
AU (AngloGold Ashanti PLC) USD 85.19 -6.89% · WPM (Wheaton Precious Metals Corp) USD 123.53 -6.54% · B (Barrick Mining Corporation) USD 38.65 -5.18% · GFI (Gold Fields Limited) USD 35.14 -4.51% · KGC (Kinross Gold Corporation) USD 22.68 -4.79% · AEM (Agnico Eagle Mines Limited) USD 176.15 -5.98%

## More
Full page: https://nexqual.com/FNV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name FNV in their own reports (relationship from FNV's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Sibanye Stillwater Ltd (SBSW) | 20-F 2026-04-24 | "On 19 December 2024 Sibanye-Stillwater entered into a US$500 million streaming agreement with Franco-Nevada in exchange for the sale" |
| supplier | Brazil Potash Corp. (GRO) | 20-F 2026-03-23 | "2024 – On November 1, 2024, the Company and its Subsidiary entered into an option agreement with Franco-Nevada Corporation, pursuant to which, in exchange for the payment by Franco-Nevada to the Compa…" |
| partner | i-80 Gold Corp. (IAUX) | 10-K 2026-02-19 | "On February 11, 2026 the Company confirmed the mailing of a conditional mandatory redemption notice to all holders of the Convertible Debentures which are expected to be redeemed, as per the terms abo…" |
| partner | Coeur Mining, Inc. (CDE) | 10-K 2026-02-18 | "The Company's gold stream agreement with Franco-Nevada provided for a $22.0 million deposit paid by Franco-Nevada in exchange for the right and obligation, commencing in 2016, to purchase 50% of a por…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.77 | $2.08 | -15.0% | $552.4M | 10 |
| Next quarter (ends 2026-12-31) | $2.05 | $2.32 | -11.6% | $628.2M | 6 |
| Current fiscal year (ends 2026-12-31) | $8.06 | $8.41 | -4.1% | $2.37B | 12 |
| Next fiscal year (ends 2027-12-31) | $8.89 | $9.22 | -3.6% | $2.65B | 13 |