FNV

Franco-Nevada Corporation stands out for its unrivaled asset diversification, superior margins, and capital discipline, making it the premier vehicle in the precious metals sector. Record gold/silver prices helped it deliver record revenue ($651M), operating cash flow ($520M), and exceptional ~92.9% cash margins, with new assets and higher metals prices driving robust YoY growth. Importantly, FNV's business model shields it from inflation and provides it with massive discovery optionality, never mind unrivaled cash flow diversification vs. producers.

Franco-Nevada Corporation might have remained unmoved YTD, but with the current gold price weakness, even that means it has outperformed gold mining peers. A combination of its business model, prospects for the remainder of 2026 and market multiples contribute to FNV's relatively better performance. I assign a Buy rating, citing robust fundamentals, upside to historical P/E averages, and resilience despite gold's recent weakness.

H1 2026 turned out to be a bad one for gold mining stocks, despite a great start, because of the oil crisis that erupted in 2026. H2 2026 could be better than H1 2026 with no repeat of the big losses, but big gains will be difficult with the crisis still not fully resolved. Gold mining stocks are likely to go flattish in H2 2026, but their ability to go higher should get better longer term for multiple reasons.

Franco-Nevada (FNV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

The mean of analysts' price targets for Franco-Nevada (FNV) points to a 31% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

TORONTO, June 16, 2026 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) is aware of a news release issued by Riverstone Karma SA announcing a local court decision in Burkina Faso purporting to nullify the stream agreement related to the Karma Mine.  The stream agreement is governed by Ontario law.

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Franco-Nevada (FNV) reported earnings 30 days ago. What's next for the stock?

The average of price targets set by Wall Street analysts indicates a potential upside of 30.2% in Franco-Nevada (FNV). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Recent dip in gold prices and cost pressures weigh on the Zacks Mining - Gold industry. We suggest adding stocks like FNV, HMY, NG, DRD and IDR, which are poised for growth.