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FNVFranco-Nevada CorporationBuy Wait6.2·$258.25
Buy WaitModerate Confidence
Investment thesis

A perfect four-quarter earnings beat streak, 78% year-over-year revenue growth, best-in-class 66% margins, and a favorable 3.12-to-1 reward-to-risk ratio with 16.3% of headroom to the price target point to a high-quality business with meaningful upside, though near-term price momentum below the minimum threshold and negative free cash flow introduce friction that warrants patience before adding exposure.

Thesis pillars

  • Momentum Below Threshold Pullback↓Deteriorating
  • Perfect Earnings Beat Streak↑Improving
  • Best In Class Margins Quality→Stable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Franco-Nevada Corporation (FNV) Stock Analysis

Temporary headwind edge

Buy WaitGrowthQualityModerate Confidence

Basic Materials · Gold

Wait for pullback to $239.46. Weak momentum — blocks BUY_NOW at $258.25. Engine's entry $239.46 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Basic Materials): -0.1.

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... Read more

$258.25-3.3% A.UpsideScore 6.2/10#24 of 43 Gold
QualityF-score9 / 9FCF yield0.94%
IncomeYield0.67%(5y avg 0.93%)Payout21.44%sustainable
Entry $239.46(Default 5pct Sticky)Stop $224.64Target $268.12(resistance)A.R:R -0.6:1
Analyst target$286.97+11.1%9 analysts
$268.12our TP
$258.25price
$286.97mean
$331

Wait for pullback to $239.46. Weak momentum — blocks BUY_NOW at $258.25. Engine's entry $239.46 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Basic Materials): -0.1. Chart setup: No clear chart pattern; technical signals are mixed. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.20, quality 8.0/10, growth 10.0/10). Score 6.2/10, moderate confidence.

Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 39d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-09-25
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Tue, Nov 3, 202639d to earnings· next earnings call

Thesis

Rewards
V7 flight-to-quality bonus: +0.5 (Q=8.0 in RISK_OFF)
Strong earnings beat streak (3/4)
High-quality business
Risks
Analyst target reached - limited upside remaining
Sector modifier (Basic Materials): -0.1
Negative momentum

Key Metrics

P/E (TTM)34.2
P/E (Fwd)27.8
Mkt Cap$50.1B
EV/EBITDA23.5
Profit Mgn64.2%
ROE19.9%
Rev Growth58.2%
Beta0.96
Dividend0.67%
Rating analysts21

Quality Signals

Piotroski F9/9MoatNarrow

Options Flow

P/C0.65bullish
IV41%normal
Max Pain$165-36.1% vs spot

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker·1 ceiling hit

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Macd
0.0
Volume
0.0
Obv
1.0
Rsi
5.5
Ma Position
6.0
Volume distribution (falling OBV)Above 200-day MA
GatesMomentum 2.5<4.5A.R:R -0.6=NEGATIVEInsider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 39d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Moderate
RSI
42 · Neutral
↓ 20D MA↑ 50D MA↑ 200D MAGOLDEN CROSSSupport $254.05Resistance $273.59

Price Targets

$225
$239
$268
A.Upside-3.3%
A.R:R-0.6:1

Position Sizing

ConvictionHigh conviction
Suggested %0.9%
Max %1.8%
RegimeRisk-Off

Risk Alerts

! Target reached (-3.3% upside)
! momentum at 2.5 (below the engine's 4.5 threshold)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-11-03 (39d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is FNV stock a buy right now?

Wait for pullback to $239.46. Weak momentum — blocks BUY_NOW at $258.25. Engine's entry $239.46 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Analyst target reached - limited upside remaining; Sector modifier (Basic Materials): -0.1. Chart setup: No clear chart pattern; technical signals are mixed. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.20, quality 8.0/10, growth 10.0/10). Target $268.12 (+3.8%), stop $224.64 (−15.0%), A.R:R -0.6:1. Score 6.2/10, moderate confidence.

What is the FNV stock price target?

Take-profit target: $268.12 (-3.3% upside). Target $268.12 (+3.8%), stop $224.64 (−15.0%), A.R:R -0.6:1. Stop-loss: $224.64.

What are the risks of investing in FNV?

Analyst target reached - limited upside remaining; Sector modifier (Basic Materials): -0.1; Negative momentum.

Is FNV overvalued or undervalued?

Franco-Nevada Corporation trades at a P/E of 34.2 (forward 27.8). TrendMatrix value score: 4.2/10. Verdict: Buy (Wait for Entry).

What do analysts say about FNV?

21 analysts cover FNV with a consensus score of 3.9/5. Average price target: $287.

What does Franco-Nevada Corporation do?Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central...

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.

Related stocks: OGC (OceanaGold Corporation) · GFI (Gold Fields Limited) · HMY (Harmony Gold Mining Company Lim) · KGC (Kinross Gold Corporation) · IAG (Iamgold Corporation)
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