Franco-Nevada Corporation (FNV) Stock Rises on Q4 2025 Earnings

Franco-Nevada Corporation (FNV) posted a strong fourth quarter 2025, with revenue rising to $597.3 million (up 86.1% year-over-year). The company reported a gross profit of $460.4 million (+103.2% YoY) and operating profit of $453.9 million (+108.8% YoY). Net income attributable to common shareholders was $367.7 million (+109.6% YoY) and diluted earnings per share came in at $1.90 (+108.8% YoY).

Quarter highlights:

Revenue: $597.3 million (+86.1% YoY)

Gross profit: $460.4 million (+103.2% YoY)

Operating profit: $453.9 million (+108.8% YoY)

Net income: $367.7 million (+109.6% YoY)

Balance sheet and cash flow:

Cash from operating activities: $426.5 million (+75.5% YoY)

Purchases of property, plant and equipment: $0.8 million (+60.0% YoY)

Cash and cash equivalents: $670.9 million (down 53.8% YoY)

Total liabilities: $606.1 million (+81.6% YoY)

Other metrics and market reaction:

Cost of sales: $136.9 million (+45.0% YoY)

Diluted earnings per share: $1.90 (+108.8% YoY)

Shares moved 1.72% since market close.

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 288 institutional investors add shares of Franco-Nevada Corporation stock to their portfolio, and 291 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.

Franco-Nevada Corporation Analyst Ratings

Wall Street analysts have issued reports on $FNV in the last several months. We have seen 5 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
HC Wainwright & Co. issued a "Buy" rating on 11/04/2025
CIBC issued a "Outperformer" rating on 10/10/2025
Raymond James issued a "Outperform" rating on 10/10/2025

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 9 analysts offer price targets for $FNV in the last 6 months, with a median target of $270.0.

Here are some recent targets:

Heiko F. Ihle from HC Wainwright & Co. set a target price of $285.0 on 02/13/2026
Tanya Jakusconek from Scotiabank set a target price of $283.0 on 01/26/2026
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
Derick Ma from TD Securities set a target price of $225.0 on 11/05/2025
Lawson Winder from B of A Securities set a target price of $220.0 on 10/16/2025
Cosmos Chiu from CIBC set a target price of $460.0 on 10/10/2025