The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

FNV.TO

Concerning the House

Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. The company operates through Precious Metals, Other Mining and Energy segments. It also manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent. Franco-Nevada Corporation was founded in 1986 and is headquartered in Toronto, Canada.

Canada · www.franco-nevada.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$368.40M$369.40M$487.70M$597.30M
Gross profit$261.50M$271.90M$353.50M$460.40M
Operating income$247.10M$263.40M$337.20M$457.80M
Net income$209.80M$247.10M$287.50M$367.70M
Diluted EPS1.091.281.90
Free cash flow-$219.50M-$930.60M$55.60M$391.50M
CapEx-$508.40M-$1.36B-$292.40M-$35.00M
Quotation

$322.78

-6.61 (-2.0%)

52w hi$382.30
52w lo$238.75
Vol376.69K
As ofAug 13
The Verdict

Hold

Our score -0.03

Short-0.30
Medium-0.10
Long+0.66

computed 2026-08-13

By the Numbers

Franco-Nevada Corporation

Basic Materials · Gold

Market cap$62.25B
Enterprise value$64.07B
Trailing P/E30.25x
Forward P/E24.35x
EV / EBITDA33.36x
P / S (ttm)29.82x
Profit margin65.7%
Return on equity19.0%
Revenue growth+77.7%
Earnings growth+123.1%
Debt / equity
Risk Metrics
Beta vs SPX0.49
Corr SPX0.24
Annual vol33.0%
Annual ret+35.3%
Sharpe1.07
Max DD-29.5%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.58
Sector+0.03
Technical-0.10
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$326.16$326.36$319.32$322.78376.69K
Aug 12$335.51$335.51$323.50$329.39472.20K
Aug 11$336.96$339.00$332.92$334.84400.50K
Aug 10$332.03$335.92$327.02$335.43459.40K
Aug 7$340.00$342.00$328.24$332.81482.80K