Franco-Nevada Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:3FO Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
16 Sep 24	Buy€89,901	Hugo Dryland	Individual	805	€111.68
07 May 24	Buy€33,987	Jacques Perron	Individual	290	€117.20
26 Mar 24	Sell€53,807	John Blanchette	Individual	500	€107.61
25 Mar 24	Sell€620,946	Paul Brink	Individual	5,760	€108.39
11 Mar 24	Buy€10,250	Jennifer Maki	Individual	97	€105.67

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 3FO?
Owner Type	Number of Shares	Ownership Percentage
State or Government	109,872	0.0571%
Individual Insiders	1,355,508	0.704%
General Public	36,053,932	18.7%
Institutions	154,973,449	80.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 59.19% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.11%	BlackRock, Inc.	13,677,811	€1.5b	0%	0.03%
6.26%	Massachusetts Financial Services Company	12,042,130	€1.3b	-1.99%	0.3%
5.31%	Fidelity International Ltd	10,221,227	€1.1b	-1.4%	0.5%
5.12%	FMR LLC	9,861,487	€1.1b	-3.11%	0.07%
4.34%	Van Eck Associates Corporation	8,344,820	€932.1m	-3.27%	1.06%
3.98%	The Vanguard Group, Inc.	7,666,950	€856.4m	1.94%	0.01%
3.77%	Capital Research and Management Company	7,247,876	€809.6m	6.54%	0.04%
2.74%	BMO Asset Management Corp.	5,270,407	€588.7m	-6.94%	0.24%
2.02%	T. Rowe Price Group, Inc.	3,886,277	€434.1m	47%	0.04%
1.81%	Victory Capital Management Inc.	3,489,240	€389.7m	13.9%	0.37%
1.75%	Jarislowsky, Fraser Limited	3,372,201	€376.7m	-1.82%	1.87%
1.72%	EdgePoint Investment Group Inc.	3,309,493	€369.7m	19.4%	2.0%
1.69%	First Eagle Investment Management, LLC	3,259,501	€364.1m	-0.02%	0.51%
1.63%	Renaissance Technologies LLC	3,138,549	€350.6m	2.1%	0.53%
1.24%	RBC Global Asset Management Inc.	2,385,067	€266.4m	-16.4%	0.17%
1.08%	Manulife Asset Management	2,083,817	€232.8m	-2.46%	0.18%
1.06%	Norges Bank Investment Management	2,038,397	€227.7m	0%	0.02%
0.98%	Beutel Goodman & Company Ltd.	1,892,426	€211.4m	-2.18%	1.01%
0.91%	TD Asset Management, Inc.	1,755,822	€196.1m	1.73%	0.15%
0.87%	M&G Investment Management Limited	1,679,858	€187.6m	3.19%	0.4%
0.84%	Bank of America Corporation, Asset Management Arm	1,613,150	€180.2m	-4.22%	0.05%
0.79%	Mackenzie Financial Corporation	1,524,536	€170.3m	-7%	0.19%
0.75%	Canadian Imperial Bank of Commerce, Asset Management Arm	1,448,075	€161.7m	13.7%	0.36%
0.72%	National Bank Investments Inc.	1,380,730	€154.2m	2.18%	0.21%
0.7%	Morgan Stanley, Investment Banking and Brokerage Investments	1,340,387	€149.7m	-1.13%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 12:44
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Franco-Nevada Corporation is covered by 36 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harriet Li	Accountability Research Corporation
Farooq Hamed	Barclays
David Haughton	BMO Capital Markets Equity Research