FY2026 EPS Estimates for Franco-Nevada Lifted by Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for Franco‑Nevada to $8.13 (from $7.93), kept a "Sector Perform" rating with a $286 price target, and modeled FY2027 EPS at $9.17.
• Franco‑Nevada reported a quarterly beat (EPS $1.85 vs. $1.67 expected; revenue $597.3M, +86.1% YoY), sees heavy institutional ownership (~77%), and retains a consensus "Moderate Buy" with a $257.25 target amid mixed analyst ratings.

Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV - Analysts at Scotiabank increased their FY2026 earnings per share estimates for Franco-Nevada in a note issued to investors on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings of $8.13 per share for the year, up from their previous estimate of $7.93. Scotiabank currently has a "Sector Perform" rating and a $286.00 price target on the stock. The consensus estimate for Franco-Nevada's current full-year earnings is $7.82 per share. Scotiabank also issued estimates for Franco-Nevada's FY2027 earnings at $9.17 EPS.

FNV has been the subject of several other reports. Zacks Research downgraded shares of Franco-Nevada from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. UBS Group reiterated a "buy" rating and set a $310.00 price target on shares of Franco-Nevada in a report on Friday, January 30th. HC Wainwright upped their price target on shares of Franco-Nevada from $285.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, March 12th. Weiss Ratings upgraded Franco-Nevada from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, March 20th. Finally, Canaccord Genuity Group downgraded Franco-Nevada from a "strong-buy" rating to a "hold" rating in a report on Friday, January 23rd. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Franco-Nevada presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.25.

Franco-Nevada Stock Performance

Shares of NYSE:FNV opened at $241.06 on Tuesday. The company has a fifty day moving average of $254.19 and a 200-day moving average of $229.05. The company has a market capitalization of $46.49 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 2.60 and a beta of 0.47. Franco-Nevada has a 52-week low of $152.89 and a 52-week high of $285.67.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Tuesday, March 10th. The basic materials company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.18. Franco-Nevada had a return on equity of 15.62% and a net margin of 61.01%.The firm had revenue of $597.30 million during the quarter, compared to analysts' expectations of $542.02 million. During the same period in the prior year, the company earned $0.95 earnings per share. The company's quarterly revenue was up 86.1% on a year-over-year basis.

Hedge Funds Weigh In On Franco-Nevada

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Franco-Nevada in the 4th quarter valued at about $578,577,000. First Eagle Investment Management LLC lifted its position in Franco-Nevada by 26.5% in the 4th quarter. First Eagle Investment Management LLC now owns 5,123,444 shares of the basic materials company's stock valued at $1,062,037,000 after acquiring an additional 1,074,257 shares in the last quarter. Mackenzie Financial Corp lifted its position in Franco-Nevada by 76.0% in the 3rd quarter. Mackenzie Financial Corp now owns 2,363,324 shares of the basic materials company's stock valued at $525,925,000 after acquiring an additional 1,020,509 shares in the last quarter. Van ECK Associates Corp lifted its position in Franco-Nevada by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 7,441,133 shares of the basic materials company's stock valued at $1,542,402,000 after acquiring an additional 842,132 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in Franco-Nevada by 100.2% in the 4th quarter. Capital Research Global Investors now owns 1,277,889 shares of the basic materials company's stock valued at $264,882,000 after acquiring an additional 639,493 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company's business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.

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