Franco-Nevada Corporation

NYSE:FNV Stock Report

Market Cap: US$51.5b

Franco-Nevada Balance Sheet Health

Financial Health criteria checks 6/6

Franco-Nevada has a total shareholder equity of $8.2B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $8.9B and $681.5M respectively. Franco-Nevada's EBIT is $1.8B making its interest coverage ratio -57.2. It has cash and short-term investments of $1.0B.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ratio-57.2x
CashUS$1.01b
EquityUS$8.24b
Total liabilitiesUS$681.50m
Total assetsUS$8.92b

Recent financial health updates

No updates

Recent updates

Seeking Alpha • Sep 09

Franco-Nevada: Record H1 Powered By Commodity Perfect Storm (Downgrade)

Summary Franco-Nevada Corporation delivered robust Q2 '26 results, with GEO sales up 18% YoY and record H1 cash flow, benefiting from strong commodity prices. FNV's diversified, high-margin royalty/streaming portfolio continues to make it the highest-quality business sector-wide when coupled with an exceptional track record of deploying capital. Importantly, optionality from Cobre Panama and other assets combined with bought-and-paid-for growth positions FNV for potential GEO sales growth to 750,000 GEOs/year by 2030. In this update, we'll dig into the Q2 results, recent developments, and why FNV is an elite business worth buying on any sharp pullbacks. Read the full article on Seeking Alpha
Seeking Alpha • Apr 16

Franco-Nevada: Optionality Today, Windfalls Tomorrow

Summary Franco-Nevada's diversified portfolio of high-quality assets makes it an attractive long-term holding, in my view. Despite recent setbacks, such as the Cobre Panama mine closure, Franco-Nevada's management remains optimistic about future growth and asset optionality. Franco-Nevada's valuation warrants a premium to peers, in my opinion, but I recommend waiting for a better entry point to initiate a position in this high-quality business. Read the full article on Seeking Alpha
Seeking Alpha • Mar 28

Franco-Nevada: Disappointed At Last After 3 Years Of Holding

Summary I rate Franco-Nevada Corporation as a sell due to underperformance compared to the broader market and gold futures. My proprietary rating system scored FNV at 60/100%, mainly due to weak growth indicators. FNV's management shows inefficiency with low ROIC and stagnant EPS growth, despite having substantial cash reserves and a high net margin. The potential decline in gold prices and FNV's overvaluation at $157 per share, 22% above my fair value estimate, further justifies my sell rating. Read the full article on Seeking Alpha
Seeking Alpha • Feb 19

Franco-Nevada: The Cobre Panama Uncertainty (Rating Downgrade)

Summary Franco-Nevada's investment in Cobre Panama, a major revenue source, faces uncertainty due to legal issues, impacting stock performance despite rising gold prices. The company's business model involves funding mine operators in exchange for royalties or streaming deals, offering a low-risk, high-return investment. Despite setbacks, Franco-Nevada's lack of leverage and diversified portfolio ensure resilience, continuing investments, and dividend increases. Potential solution for Cobre Panama - expected to be addressed in fist half of 2025 - presents important upside as peers have increased 30-50% following gold price rally. Read the full article on Seeking Alpha
Seeking Alpha • Dec 30

TOP 5 Mining Stocks To Watch In 2025: No.5 - Franco-Nevada

Summary Franco-Nevada underperformed its peers heavily over the last 14 months, due to the Cobre Panama mine suspension. The restart of the mine should boost its share price by at least 25-30. The recent deals should add immediate cash flows, moreover, Franco-Nevada has over $1.8 billion left for further acquisitions. There are very good longer-term growth prospects. If everything goes well, Franco-Nevada may reach attributable production of nearly 800,000 toz by 2028. Read the full article on Seeking Alpha
Seeking Alpha • Dec 09

Franco-Nevada: Five Reasons We Bought A Gold Position With A Yield

Summary Franco Nevada is the class act that every investor should have on their watch list. Their ability to identify and buy royalty assets at the right time is unmatched. We have concerns about the Gold price today. But we still had five good reasons to buy Franco Nevada. Read the full article on Seeking Alpha
Seeking Alpha • Sep 26

Franco-Nevada: Punished Too Much

Summary Franco-Nevada Corporation (FNV) is a leading gold royalty/streaming company with a proven track record that is being punished for short-term headwinds. The closure of the Cobre Panama mine has significantly impacted FNV's performance, but it will likely restart in the future, potentially with higher metals prices. FNV's diversified portfolio, including exposure to oil, gas, and platinum group metals, positions it well for future recovery and growth as market conditions stabilize. With FNV trading at a historical discount and potential upside from Cobre Panama's restart, the stock offers a compelling investment opportunity with moderate growth and high safety. Read the full article on Seeking Alpha
Seeking Alpha • Aug 11

Franco-Nevada: Not Much Upside Going Into 2Q Of 2024

Summary The author recommends a price target of $130/share for the Canadian ticker and advises consulting a finance professional before investing. Franco-Nevada remains the author's preferred gold investment, but the current valuation is too high. The company has strong fundamentals, no debt, and ample cash, making it an attractive investment at the right price. Read the full article on Seeking Alpha
Seeking Alpha • Jun 11

Franco-Nevada: Why I Disagree With Wall Street

Summary Franco-Nevada Corporation stock is highly rated by Wall Street analysts with a buy rating. Gold prices have risen, but Franco-Nevada stock has not performed well compared to gold prices or gold miners as a group. The company's unique business model shields it from rising operating expenses. But the model also creates its own risks, with the ongoing situation surrounding its partner First Quantum Minerals as a notable example. Read the full article on Seeking Alpha
Seeking Alpha • Mar 24

Franco-Nevada: Forget Volatile Miners - This Is How To Win With Gold

Summary Gold prices are reaching new highs, driven by demand from China and global geopolitical risks. Franco-Nevada Corporation offers a unique business model as a gold streaming and royalty company, providing stable income and insulation from operating costs. FNV has a diversified portfolio of assets, a debt-free balance sheet, and a consistent dividend track record, making it an attractive investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Feb 28

Franco-Nevada: Now Priced To Buy? (Rating Upgrade)

Summary Franco-Nevada Corporation's stock valuation has declined by 24% since January 2023, making it a more attractive investment opportunity. The company's largest investment, the Cobre Panama project, is facing legal and operational challenges, but the mine's importance to Panama's economy suggests a potential resolution. Franco-Nevada's current valuation metrics, including its P/E ratio and EV/EBITDA ratio, make it an attractive investment compared to its peers in the royalty company sector. Read the full article on Seeking Alpha
Seeking Alpha • Jan 02

Franco-Nevada: Crisis Begets Opportunity

Summary Franco-Nevada has lost about one-quarter of its M&I royalty ounces following the closure of its Cobre Panama mine. The current share price is pricing in a total loss of the asset. The expected recovery value is non-zero. Investors are getting the rare opportunity of buying arguably the best gold company in the world at a good price, plus a free option on the resolution of Cobre Panama's situation, just as gold appears ready to rally. Read the full article on Seeking Alpha
Seeking Alpha • Nov 20

Franco-Nevada: Valuation Starting To Improve

Summary Franco-Nevada had a softer Q3 with higher production at Cobre Panama, Tasiast and Antapaccay offset by a much weaker quarter for its diversified segment. Unfortunately, the Q4 outlook isn't much better with oil and natural gas trending lower and added uncertainty at its largest contributor, Cobre Panama. In this update, we'll dig into FNV's Q3 results, whether the Cobre Panama uncertainty is priced in, and where the stock's updated low-risk buy zone lies. Read the full article on Seeking Alpha
Seeking Alpha • Sep 21

Franco-Nevada: Dividends Look Anemic Considering Cash And Solid Free Cash Flow

Summary Franco-Nevada Corporation released its Q2 2023 results, with adjusted earnings of $0.95 per share and $329.9 million in revenue. The company saw a decline in revenue due to lower commodity prices for its energy assets, offset by higher revenues from precious metal assets. Franco-Nevada has a solid balance sheet with no debt and a cash position of $1,295.1 million, but the company's dividend is too low. I recommend buying FNV stock between $142 and $140 with potential lower support at $138. Read the full article on Seeking Alpha

Financial Position Analysis

Short Term Liabilities: FNV's short term assets ($1.4B) exceed its short term liabilities ($148.0M).

Long Term Liabilities: FNV's short term assets ($1.4B) exceed its long term liabilities ($533.5M).

Debt to Equity History and Analysis

Debt Level: FNV is debt free.

Reducing Debt: FNV had no debt 5 years ago.

Debt Coverage: FNV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FNV has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 11:47
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the 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 Github.

Analyst Sources

Franco-Nevada Corporation is covered by 31 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Farooq HamedBarclays
Matthew MurphyBMO Capital Markets Equity Research