Franco-Nevada Corporation $FNV reported a strong second quarter for 2026, with revenue rising to $580.9 million, up 57.3% from a year earlier. Gross profit climbed to $451 million, while operating profit increased to $445.7 million, reflecting broad-based improvement in profitability.
Net income attributable to common shareholders came in at $354 million, and diluted earnings per share rose to $1.83, both up more than 43% year over year. Cash from operating activities also improved to $482.5 million, showing continued strength in the company’s core cash generation.
On the balance sheet, cash and cash equivalents reached $1 billion, a sharp increase from the prior year, while total liabilities also rose to $681.5 million. The company’s cost of sales increased materially to $129.9 million, but profitability still expanded meaningfully across the quarter.
- Revenue: $580.9 million, up 57.3%
- Net income: $354 million, up 43.3%
- Diluted EPS: $1.83, up 43%
- Operating cash flow: $482.5 million, up 12.1%
- Cash position: $1 billion
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Franco-Nevada Corporation Hedge Fund Activity
We have seen 308 institutional investors add shares of Franco-Nevada Corporation stock to their portfolio, and 277 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 1,265,010 shares (+6.2%) to their portfolio in Q1 2026, for an estimated $307,840,183
- VICTORY CAPITAL MANAGEMENT INC removed 1,197,679 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $249,644,210
- TWO SIGMA INVESTMENTS, LP added 886,640 shares (+218.1%) to their portfolio in Q1 2026, for an estimated $215,763,844
- PRICE T ROWE ASSOCIATES INC /MD/ removed 681,417 shares (-27.5%) from their portfolio in Q1 2026, for an estimated $165,822,826
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 582,284 shares (-24.6%) from their portfolio in Q1 2026, for an estimated $141,698,811
- JANE STREET GROUP, LLC added 454,865 shares (+3769.2%) to their portfolio in Q1 2026, for an estimated $110,691,397
- POINT72 ASSET MANAGEMENT, L.P. added 376,013 shares (+inf%) to their portfolio in Q1 2026, for an estimated $91,502,763
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Franco-Nevada Corporation Price Targets
Multiple analysts have issued price targets for $FNV recently. We have seen 8 analysts offer price targets for $FNV in the last 6 months, with a median target of $287.5.
Here are some recent targets:
- Lawson Winder from B of A Securities set a target price of $238.0 on 07/09/2026
- Josh Wolfson from RBC Capital set a target price of $285.0 on 07/09/2026
- Fahad Tariq from Jefferies set a target price of $245.0 on 07/06/2026
- Daniel Major from UBS set a target price of $280.0 on 06/30/2026
- Derick Ma from TD Cowen set a target price of $291.0 on 05/20/2026
- Tanya Jakusconek from Scotiabank set a target price of $290.0 on 05/14/2026
- Heiko F. Ihle from HC Wainwright & Co. set a target price of $305.0 on 05/13/2026
