Franco-Nevada Corporation (FNV) Releases Q1 2026 Earnings: Revenue and EPS Surge, Strong Cash Flow

Franco-Nevada Corporation (FNV) reported first-quarter 2026 results with total revenues of $650.7 million, up 76.6% year-over-year. Gross profit increased to $526.3 million (+101.3% YoY) and operating profit rose to $577.8 million (+127.9% YoY). Net income attributable to common shareholders was $468.6 million, a 123.4% increase, while diluted earnings per share were $2.43 (+122.9% YoY).

Key cash flow and balance sheet highlights:

Cash from operating activities: $520.4 million (+80.1% YoY).

Purchases of property, plant and equipment: $(500,000) (-84.4% YoY).

Cash and cash equivalents: $714.7 million (-36.7% YoY).

Cost of sales: $124.4 million (+16.4% YoY).

Total liabilities: $690.9 million (+91.4% YoY).

The quarter shows significant margin expansion — gross margin was roughly 80.9% — and strong operating cash generation, paired with minimal capital spending during the period.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

EARLY ACCESS

Receive FNV Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

Franco-Nevada Corporation Hedge Fund Activity

We have seen 291 institutional investors add shares of Franco-Nevada Corporation stock to their portfolio, and 259 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 2,775,309 shares (-34.8%) from their portfolio in Q4 2025, for an estimated $575,266,049
FMR LLC added 2,550,015 shares (+14.3%) to their portfolio in Q4 2025, for an estimated $528,567,109
1832 ASSET MANAGEMENT L.P. added 1,681,122 shares (+182.5%) to their portfolio in Q4 2025, for an estimated $348,462,968
FIRST EAGLE INVESTMENT MANAGEMENT, LLC added 1,074,257 shares (+26.5%) to their portfolio in Q4 2025, for an estimated $222,671,990
VAN ECK ASSOCIATES CORP added 842,132 shares (+12.8%) to their portfolio in Q4 2025, for an estimated $174,557,120
FIL LTD removed 840,872 shares (-12.3%) from their portfolio in Q4 2025, for an estimated $174,295,948
CAPITAL RESEARCH GLOBAL INVESTORS added 639,493 shares (+100.2%) to their portfolio in Q4 2025, for an estimated $132,554,109

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 Analyst Ratings

Wall Street analysts have issued reports on $FNV in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

RBC Capital issued a "Outperform" rating on 12/10/2025
UBS issued a "Buy" rating on 12/01/2025

To track analyst ratings and price targets for Franco-Nevada Corporation, check out Quiver Quantitative's $FNV forecast page.

Franco-Nevada Corporation Price Targets

Multiple analysts have issued price targets for $FNV recently. We have seen 5 analysts offer price targets for $FNV in the last 6 months, with a median target of $286.0.

Here are some recent targets:

Carey Macrury from Canaccord Genuity set a target price of $415.0 on 04/29/2026
Tanya Jakusconek from Scotiabank set a target price of $286.0 on 03/16/2026
Heiko F. Ihle from HC Wainwright & Co. set a target price of $305.0 on 03/12/2026
Josh Wolfson from RBC Capital set a target price of $250.0 on 12/10/2025
Daniel Major from UBS set a target price of $270.0 on 12/01/2025