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Upturn AI Summary - About
Franco-Nevada Corporation(FNV)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FNV
10/30/2026: FNV (2-star) is currently NOT-A-BUY. Pass it for now.
Franco-Nevada Corporation is a leading gold-focused royalty and streaming company that provides non-dilutive financing to mining firms. The company’s primary strength lies in its debt-free balance sheet and high-margin business model, which allows it to generate consistent returns without the operational risks inherent in mining. Its main growth opportunity involves continuing to secure royalty streams from miners seeking alternative capital. However, the company faces risks related to commodity price fluctuations, geopolitical instability, and reliance on third-party operators. It may best suit long-term investors seeking income and inflation protection, while monitoring for regulatory changes and production developments at its key global assets.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely dependent on mining cycle tailwinds and new deal flow rather than rapid internal product innovation. |
| Momentum investor | Strong fit while signal remains positive | The stock often trends strongly when gold prices and market sentiment favor precious metal inflation hedges. |
| Value investor | Mixed fit | The stock often trades at a premium multiple due to its high margins and low-risk business model. |
| Dividend investor | Strong fit | It offers a reliable and growing dividend supported by a very stable cash flow profile. |
| Low-risk investor | Strong fit | The lack of debt and absence of direct mine operating costs make it a lower-risk proxy for gold exposure. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is sensitive to fluctuations in the spot price of gold and other precious metals. |
| Valuation risk | Medium | Market premiums can fluctuate significantly, affecting potential entry points for investors. |
| Competition risk (Streaming and Royalty) | Medium | New entrants and existing peers compete for the same high-quality mining assets. |
| Business quality | Strong | The royalty business model provides structural protection against mine-site cost inflation. |
| Dividend income | Low | Dividends are well-covered by cash flows, though the yield may be lower than pure-play income stocks. |
| Execution risk | Low | The company avoids the technical and operational challenges inherent in operating physical mines. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 15.67% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/30/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 44.67B USD | Price to earnings Ratio 30.27 | 1Y Target Price 282.36 |
Price to earnings Ratio 30.27 | 1Y Target Price 282.36 | ||
Volume (30-day avg) 634.7K shares | Beta 0.94 | 52 Weeks Range 180.63 - 284.12 | Updated Date 10/29/2026 |
52 Weeks Range 180.63 - 284.12 | Updated Date 10/29/2026 | ||
Dividends yield (FY) 0.69% | Basic EPS (TTM) 7.65 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Precious Metals Streaming | Long-term agreements to purchase gold, silver, and PGM production at fixed or discounted prices. | Investors get exposure to gold production upside without the costs of building or running a mine. |
| Energy Royalties | Royalty interests in oil and gas production, primarily in the Permian and Haynesville basins. | Provides a secondary income stream linked to North American energy production and commodity prices. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 30.27 | Forward PE 30.21 | Enterprise Value 44.84B | Price to Sales(TTM) 19.41 |
Enterprise Value 44.84B | Price to Sales(TTM) 19.41 | ||
Enterprise Value to Revenue 19.36 | Enterprise Value to EBITDA 20.19 | Shares Outstanding 192.87M | Shares Floating 192.35M |
Shares Outstanding 192.87M | Shares Floating 192.35M | ||
Percent Insiders 0.61 | Percent Institutions 85.26 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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