FNV
Franco-Nevada Corporation
NYSEUSDEQUITY
Basic Materials
DELAYED
Neutral
-1/100
Last price
239.99
▼ 0.79 (0.33%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
243.00
Prev close
240.78
Day high
246.57
Day low
239.43
Volume
670.81K
Market cap
$47.06B
P/E (TTM)
31.48
52W range
181.50 – 285.67
Day trading desk
Gap from prior close
+0.92%
Prior close 240.78
VWAP
243.98
-1.63% from price
Relative volume
1.81×
Unusually busy
Session range
2.98%
239.43 – 246.57
Position in range
8%
Near session low
ATR (14D)
9.55
3.98% of price
Prior day high
243.19
PDH
Prior day low
234.96
PDL
Bid / ask spread
—
Quote not published
Session volume
1.44M
Avg 795.76K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.60%
-3.5%
1M
-8.34%
-9.5%
3M
+19.80%
+15.3%
6M
-6.60%
-24.8%
YTD
+17.71%
+3.5%
1Y
+10.81%
-5.6%
3Y
+82.77%
+0.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on FNV open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.19M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 21, 26 | Rana (Sandip) Senior Officer of Issuer |
EXERCISE | 5.00K | $274.08K | Direct |
| Aug 21, 26 | Rana (Sandip) Senior Officer of Issuer |
SELL | 5.00K | $1.32M | Direct |
| Aug 19, 26 | Rana (Sandip) Senior Officer of Issuer |
SELL | 10.00K | $2.44M | Direct |
| Aug 19, 26 | Rana (Sandip) Senior Officer of Issuer |
EXERCISE | 10.00K | $534.84K | Direct |
| Mar 25, 26 | Blanchette (John) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
— | 298 | — | Direct |
| Mar 25, 26 | Blanchette (John) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
— | 398 | — | Direct |
| Mar 25, 26 | Brink (Paul) Director of Issuer |
— | 7.49K | — | Direct |
| Mar 25, 26 | Brink (Paul) Director of Issuer |
— | 4.84K | — | Direct |
| Mar 25, 26 | Brink (Paul) Director of Issuer |
SELL | 6.60K | $1.54M | Direct |
| Mar 25, 26 | Gray (Eaun Harrison) Senior Officer of Issuer |
— | 70 | — | Indirect |
| Mar 25, 26 | Gray (Eaun Harrison) Senior Officer of Issuer |
— | 1.64K | — | Direct |
| Mar 25, 26 | Gray (Eaun Harrison) Senior Officer of Issuer |
— | 1.54K | — | Direct |
| Mar 25, 26 | Gray (Eaun Harrison) Senior Officer of Issuer |
SELL | 1.70K | $396.99K | Direct |
| Mar 25, 26 | Hong (Lloyd Hyunsoo) Senior Officer of Issuer |
— | 68 | — | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Blanchette (John) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 3.14K | Exercise of rights |
Brink (Paul) |
Director of Issuer | 251.76K | Exercise of rights |
Evans (Derek Watson) |
Director of Issuer | 0 | Change in nature of ownership |
Gardiner, Stuart James |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 5.56K | Acquisition or disposition in the public market |
Gray (Eaun Harrison) |
Senior Officer of Issuer | — | Exercise of rights |
Hong (Lloyd Hyunsoo) |
Senior Officer of Issuer | — | Exercise of rights |
Perron, Jacques |
Director of Issuer | 998 | Acquisition or disposition under a purchase/ownership plan |
Rana (Sandip) |
Senior Officer of Issuer | 65.27K | Exercise of options |
Tek (Bonavie) |
Senior Officer of Issuer | 115 | Exercise of options |
Wong (Adrian) |
Senior Officer of Issuer | 8.38K | Exercise of options |
Fundamentals
Market cap$47.06B
Enterprise value$46.04B
Revenue (TTM)$2.30B
Gross profit$2.12B
EBITDA$2.09B
Net income$1.48B
EPS (TTM)$7.75
Free cash flow$470.28M
Total cash$1.01B
Total debt$0
Book value / share$42.73
Shares outstanding192.87M
Float192.35M
Short % of float—
Dividend yield0.72%
Beta (5Y)0.94
Valuation & profitability ratios
Trailing P/E31.48
Forward P/E26.11
PEG ratio—
Price / sales—
Price / book5.71
EV / revenue20.01
EV / EBITDA22.06
Gross margin92.09%
Operating margin76.98%
Profit margin64.23%
Return on equity19.91%
Return on assets13.73%
Debt / equity—
Current ratio9.38
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.82B | $1.11B | $1.22B | $1.32B | +63.7% |
| Operating revenue | $1.82B | $1.11B | $1.17B | $1.27B | +63.7% |
| Cost of revenue | $475.50M | $354.30M | $452.40M | $463.10M | +34.2% |
| Gross profit | $1.35B | $759.30M | $766.60M | $852.60M | +77.4% |
| Selling, general & admin | $46.40M | $34.60M | $27.90M | $32.60M | +34.1% |
| Total operating expense | $46.40M | $34.60M | $27.90M | $32.60M | +34.1% |
| Operating income | $1.30B | $724.70M | $738.70M | $820.00M | +79.5% |
| Net interest income | $25.10M | $58.00M | $49.40M | $9.40M | -56.7% |
| Pre-tax income | $1.42B | $763.90M | -$364.20M | $833.70M | +85.4% |
| Tax provision | $303.90M | $211.80M | $102.20M | $133.10M | +43.5% |
| Net income | $1.11B | $552.10M | -$466.40M | $700.60M | +101.4% |
| Net income to common | $1.11B | $552.10M | -$466.40M | $700.60M | +101.4% |
| Basic EPS | 5.77 | 2.87 | -2.43 | 3.66 | +101.0% |
| Diluted EPS | 5.76 | 2.87 | -2.43 | 3.65 | +100.7% |
| EBIT | $1.42B | $764.00M | -$364.10M | $833.80M | +85.4% |
| EBITDA | $1.72B | $989.30M | -$91.00M | $1.12B | +74.2% |
| Basic shares | 192.70M | 192.40M | 192.00M | 191.50M | +0.2% |
| Diluted shares | 193.00M | 192.60M | 192.30M | 191.90M | +0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $670.90M | $1.45B | $1.42B | $1.20B | -53.8% |
| Cash & short-term investments | $670.90M | $1.45B | $1.42B | $1.20B | -53.8% |
| Accounts receivable | $241.90M | $151.80M | $111.00M | $135.70M | +59.4% |
| Inventory | $40.10M | $96.80M | $51.80M | $28.20M | -58.6% |
| Total current assets | $1.02B | $1.72B | $1.62B | $1.38B | -40.5% |
| Property, plant & equipment | $6.05B | $4.11B | $4.03B | $4.93B | +47.3% |
| Total assets | $8.24B | $6.33B | $5.99B | $6.63B | +30.2% |
| Total current liabilities | $123.00M | $67.50M | $39.20M | $50.20M | +82.2% |
| Total liabilities | $606.10M | $333.80M | $225.00M | $209.20M | +81.6% |
| Retained earnings | $1.38B | $486.50M | $212.30M | $940.40M | +183.6% |
| Shareholder equity | $7.64B | $6.00B | $5.77B | $6.42B | +27.3% |
| Working capital | $898.40M | $1.65B | $1.58B | $1.33B | -45.5% |
| Net tangible assets | $7.64B | $6.00B | $5.77B | $6.42B | +27.3% |
| Shares issued | 192.80M | 192.55M | 192.18M | 191.89M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.11B | $552.10M | -$466.40M | $700.60M | +101.4% |
| Stock-based compensation | $6.30M | $5.40M | $5.50M | $8.20M | +16.7% |
| Change in working capital | -$31.00M | $21.40M | $6.10M | -$10.90M | -244.9% |
| Operating cash flow | $1.49B | $829.50M | $991.20M | $999.50M | +80.1% |
| Capital expenditure | -$2.20B | -$408.00M | -$521.60M | -$141.50M | -438.4% |
| Investing cash flow | -$2.03B | -$537.30M | -$541.10M | -$145.50M | -278.4% |
| Dividends paid | -$275.10M | -$242.40M | -$233.00M | -$197.60M | -13.5% |
| Financing cash flow | -$267.40M | -$240.40M | -$230.10M | -$189.00M | -11.2% |
| Free cash flow | -$703.00M | $421.50M | $469.60M | $858.00M | -266.8% |
| End cash position | $670.90M | $1.45B | $1.42B | $1.20B | -53.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $580.90M | $650.70M | $597.30M | $487.70M | $369.40M | -10.7% |
| Operating revenue | $580.90M | $650.70M | $597.30M | $487.70M | $369.40M | -10.7% |
| Cost of revenue | $129.90M | $124.40M | $136.90M | $134.20M | $97.50M | +4.4% |
| Gross profit | $451.00M | $526.30M | $460.40M | $353.50M | $271.90M | -14.3% |
| Selling, general & admin | $4.30M | $15.40M | $2.60M | $16.30M | $12.40M | -72.1% |
| Total operating expense | $4.30M | $15.40M | $2.60M | $16.30M | $12.40M | -72.1% |
| Operating income | $446.70M | $510.90M | $457.80M | $337.20M | $259.50M | -12.6% |
| Net interest income | $6.10M | $4.70M | $1.70M | $7.20M | $5.80M | +29.8% |
| Pre-tax income | $458.90M | $594.90M | $468.30M | $362.40M | $315.70M | -22.9% |
| Tax provision | $104.90M | $126.30M | $100.60M | $74.90M | $68.60M | -16.9% |
| Net income | $354.00M | $468.60M | $367.70M | $287.50M | $247.10M | -24.5% |
| Net income to common | $354.00M | $468.60M | $367.70M | $287.50M | $247.10M | -24.5% |
| Basic EPS | 1.84 | 2.43 | 1.91 | 1.49 | 1.28 | -24.3% |
| Diluted EPS | 1.83 | 2.43 | 1.90 | 1.49 | 1.28 | -24.7% |
| EBIT | $459.60M | $595.70M | $466.30M | $363.20M | $316.50M | -22.8% |
| EBITDA | $543.60M | $673.60M | $553.60M | $450.20M | $380.50M | -19.3% |
| Basic shares | 192.90M | 192.80M | 192.80M | 192.70M | 192.70M | +0.1% |
| Diluted shares | 193.30M | 193.20M | 193.20M | 193.00M | 193.00M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.01B | $714.70M | $670.90M | $236.70M | $160.30M | +41.9% |
| Cash & short-term investments | $1.01B | $714.70M | $670.90M | $236.70M | $160.30M | +41.9% |
| Accounts receivable | $237.50M | $267.50M | $241.90M | $190.70M | $146.70M | -11.2% |
| Inventory | $112.60M | $123.30M | $40.10M | $10.30M | $7.00M | -8.7% |
| Total current assets | $1.39B | $1.13B | $1.02B | $542.50M | $357.30M | +23.1% |
| Property, plant & equipment | $6.27B | $6.31B | $6.05B | $6.09B | $5.90B | -0.5% |
| Total assets | $8.92B | $8.80B | $8.24B | $7.52B | $7.02B | +1.4% |
| Total current liabilities | $148.00M | $183.20M | $123.00M | $116.90M | $84.00M | -19.2% |
| Total liabilities | $681.50M | $690.90M | $606.10M | $517.60M | $418.60M | -1.4% |
| Retained earnings | $2.05B | $1.77B | $1.38B | $1.08B | $806.60M | +15.5% |
| Shareholder equity | $8.24B | $8.11B | $7.64B | $7.00B | $6.60B | +1.7% |
| Working capital | $1.24B | $944.40M | $898.40M | $425.60M | $273.30M | +31.3% |
| Net tangible assets | $8.24B | $8.11B | $7.64B | $7.00B | $6.60B | +1.7% |
| Shares issued | 192.87M | 192.86M | 192.80M | 192.78M | 192.70M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $354.00M | $468.60M | $367.70M | $287.50M | $247.10M | -24.5% |
| Stock-based compensation | $1.00M | $1.10M | $1.50M | $1.70M | $1.00M | -9.1% |
| Change in working capital | -$5.80M | $1.30M | $10.20M | -$44.70M | $15.10M | -546.2% |
| Operating cash flow | $482.50M | $520.40M | $426.50M | $348.00M | $430.30M | -7.3% |
| Capital expenditure | -$98.50M | -$460.10M | -$35.00M | -$292.40M | -$1.36B | +78.6% |
| Investing cash flow | -$101.40M | -$397.90M | $64.10M | -$208.00M | -$1.34B | +74.5% |
| Dividends paid | -$80.60M | -$80.50M | -$70.60M | -$67.30M | -$67.00M | -0.1% |
| Financing cash flow | -$81.20M | -$80.80M | -$70.30M | -$64.20M | -$66.10M | -0.5% |
| Free cash flow | $384.00M | $60.30M | $391.50M | $55.60M | -$930.60M | +536.8% |
| End cash position | $1.01B | $714.70M | $670.90M | $236.70M | $160.30M | +41.9% |
Options analytics
Put / call volume
2.02
Put-heavy session
Put / call open interest
1.12
Positioning, not flow
Max pain
165.00
-32.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
111
Contracts, this expiry
Put volume
224
Contracts, this expiry
Heaviest call OI
370.00
13 contracts
Heaviest put OI
165.00
37 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.97 | 1.81 | -8.3% |
| Mar 2026 | 2.08 | — | — |
| Dec 2025 | 1.67 | 1.85 | +10.9% |
| Sep 2025 | 1.38 | 1.43 | +3.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 2.04 | 6 | $609.34M | +24.9% |
| Next quarter | 2.30 | 6 | $678.29M | +13.6% |
| Current year | 8.24 | 11 | $2.53B | +38.8% |
| Next year | 9.34 | 13 | $2.93B | +16.0% |
Analyst targets & ownership
Mean target$286.97
High target$330.73
Low target$256.00
Implied upside19.58%
Analyst count9
ConsensusBUY
Strong buy / Buy4 / 8
Hold3
Sell / Strong sell0 / 0
Held by insiders0.62%
Held by institutions84.69%
Institutions holding1.02K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
247.04
-2.85% from price
SMA 20
255.40
-4.47% from price
SMA 50
249.05
-2.04% from price
SMA 100
232.70
+3.13% from price
SMA 200
238.19
+2.43% from price
EMA 12
247.77
-3.14% from price
EMA 26
251.28
-4.49% from price
EMA 50
247.55
-3.05% from price
RSI (14)
43.6
Neutral
MACD (12,26,9)
-3.51
Hist -3.02
ATR (14)
9.55
3.92% of price
Realised vol 30D
31.2%
Annualised
Bollinger upper
276.67
20, 2σ
Bollinger lower
234.14
20, 2σ
50 / 200 cross
Golden
249.05 vs 238.19
Trend bias
Above 200
+2.43%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.11
More volatile than market
Correlation to SPY
0.37
Loosely linked
Realised vol 30D
31.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-29.4%
Peak to trough
Max drawdown 5Y
-38.2%
Peak to trough
ATR 14
9.55
3.92% of price
Beta (reported)
0.94
5Y monthly, from filing
Short interest
Shares short
4.12M
Prior 3.43M
Change vs prior
+20.3%
Shorts adding
% of float
—
—
% of shares out
2.14%
Against total outstanding
Days to cover
5.0
Liquid
Float
192.35M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 16, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 14, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Jul 9, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 9, 26 | B of A Securities | MAINTAINED | Neutral | Neutral |
| Jul 6, 26 | Jefferies | MAINTAINED | Hold | Hold |
| Jun 30, 26 | UBS | MAINTAINED | Buy | Buy |
| May 20, 26 | TD Cowen | UPGRADE | Hold | Buy |
| May 14, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| May 13, 26 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Apr 9, 26 | Jefferies | MAINTAINED | Hold | Hold |
| Mar 16, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Mar 12, 26 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$1.76 / yr
Forward yield0.72%
5-year avg yield0.89%
Payout ratio21.44%
Ex-dividend dateSep 10, 2026
Next pay dateSep 24, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-30
Corporate Changes & Voting Matters
6-K · 2026-09-28
Corporate Changes & Voting Matters
6-K · 2026-09-14
Corporate Changes & Voting Matters
6-K · 2026-08-12
Corporate Changes & Voting Matters
6-K · 2026-07-20
Offering Registrations
F-10 · 2026-07-10
Corporate Changes & Voting Matters
6-K · 2026-06-17
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-29
Headlines
Franco-Nevada Becomes Significant Shareholder of Kenorland Minerals
TMX Newsfile · 1d ago
B2Gold Strengthens Goose Mine Operations With Crushing Upgrades
Zacks · 5d ago
Franco-Nevada Sees 45% Growth if Cobre Panama Restarts
MarketBeat · 6d ago
Franco-Nevada sees structured path forward for Cobre Panama, Jefferies says
Proactive · 6d ago
Cobre Panamá Update
PR Newswire · 6d ago
Cobre Panamá Update
CNW Group · 6d ago
Can Higher H2 Production Support Franco-Nevada's 2026 Guidance?
Zacks · 7d ago
Franco-Nevada Announces Appointment of Paul Brink as Chair of the World Gold Council
CNW Group · 8d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.