TSE:FNV

Franco-Nevada Corp. (FNV.TO)

303.10
-1.54 (0.51%)
as of Jun 8, 2026, 3:34:57 pm Market Open.
297 watching
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Investor Insights
star iconJun 7, 2026, 12:00 am

This summary was created by AI, based on 8 opinions in the last 12 months.

Franco-Nevada Corp. (FNV) is widely regarded as a solid investment within the precious metals sector despite its premium pricing. Experts emphasize the importance of having precious metals as a diversifier and insurance in every portfolio, with many recommending a 10% allocation. The company is seen as a safe choice due to its no-debt structure and consistent performance, benefiting from current market dynamics and discussions around currency debasement. While some analysts express caution about its sustainability after significant gains, they maintain a positive outlook for the company's future. Moreover, FNV is consistently mentioned alongside other robust precious metals stocks, suggesting a strong consensus on its viability as a long-term holding.

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Consensus
Buy
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Valuation
Overvalued
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Similar
AEM
WATCH
He's as shocked as anyone that gold's not doing well in an inflationary environment. Shows how hard it is to predict which sectors will do well. He'd be interested in some of the royalty streamers like FNV, as there's less risk.
COMMENT
Question on whether to buy Franco-Nevada or Agnico-Eagle. Streaming companies like FNV are not rocketing up but are steady. FNV has interests in many properties and has a good history of raising dividends. AEM now has less exploration upside than historically. Would pick FNV over AEM
TOP PICK
A new position for him. You'd think that the price of gold would be much higher. A lot of gold companies will face margin pressure. Attractive royalty company. Gold prices should head higher from here. Yield is 0.81%. (Analysts’ price target is $200.67)
BUY ON WEAKNESS
Gold outlook You buy gold itself, a stock or a royalty company. The companies have not created a lot of value for shareholders, given high costs and cyclical commodity costs. So, he prefers a royalty company which invest in royalty streams and don't invest in capital costs. FNV has no net debt, trades at 40x earnings. Gold prices have been weak this year, and the Fed tapering will pressure gold.
PAST TOP PICK
(A Top Pick Nov 05/20, Down 17%) This trades in-line with the gold price. This is the definitive safe, sleep-at-night gold stock in Canada, a royalty streamer. What's key in their business model is they offer commodity price optionality--the royalty they take on every ounce previously is worth more as the gold price climbs. He remains bullish gold for the long term, though the price hasn't moved in the past year. The diversity of their holdings insulates them from interruptions from a single gold operator (i.e. regulation, strikes).
PAST TOP PICK
(A Top Pick Sep 10/20, Down 7%) Continues to own it. Best in class to get gold exposure. Likes the royalty and streaming model that insulates from operating and capital costs in the mining industry. More broad exposure by geography.
TOP PICK
A superior business model of collecting royalties. It maintains exploration optionality on long-life reserve assets. Avoids operating cost overruns of the industry. Outperformed its peers since its IPO. Sleep at night. Yield is 0.75%. (Analysts’ price target is $201.60)
BUY
Not keen on gold companies since they are perpetually expensive. Next generation of gold bugs seem to be more interested in crypto. Owning the physical commodity may be the better bet. When gold prices go up, cost goes up so he prefers streamers more than producers. Holding metals in the long term, he prefers WPM due to it having a more narrow basket. FNV owns a lot of different mining royalties that give diversification but also makes it more complicated. Both are fine.
BUY
He has owned it for a number of years. It is primarily exposed to the gold price. It insulates you to the myriad problems common in the mining industry. You get good diversification by geography and company. He likes to buy on dips.
BUY
Allan Tong’s Discover Picks FNV has tumbled 37% (all figures from March 8) since its late-July peak of $222.15, which represents its third-deepest pullback in stock history. Earnings and cash flow score well above industry averages, though its PE of 79x is more than twice that industry average. That said, FNV’s ROE and ROI, both around 5%, fly well above its peers. Its 1% dividend yield is based on a 73% payout ratio, which is high for this sector. Read 3 Overdone and Oversold Stocks for our full analysis.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. One of the favourites in the gold sector. The company remains debt-free and has $466M in cash. 5i is comfortable owning it today. Unlock Premium - Try 5i Free

TOP PICK
A royalty and resource investment company. They do not mine. Pioneers of the royalty business model. Prefers this model since it gives exposure to the company but insulates investors from the commodity and cost over-runs that is endemic in the industry. Well-diversified by operator, geography and commodity. The pullback is the third biggest in the business history and it is a great buying opportunity. (Analysts’ price target is $198.78)
DON'T BUY
It has been frustrating because they have performed very poorly. Gold miners tend to outperform in a risk-on market. Last year FNV-T outperformed the gold minors until last March when we went to risk-on and it has been under-performing ever since. He prefers one like this when the market is risk-off. He would prefer the streamers at this point. FNV-T will start to do okay at some point.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Royalty companies receive payment on production so there is less inflationary pressure. Royalty companies should outperform bullion in an inflationary environment most times. Unlock Premium - Try 5i Free

HOLD
A lot of the share price decline is because gold prices came off. If you want exposure in the this sector this is a great investment. It is a royalty company. This one has outperformed the gold sector.
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