UBS Reiterates Buy Rating on Franco-Nevada

On June 30, 2026, UBS reiterated its buy rating for Franco-Nevada Corporation (NYSE:FNV), setting a price target of $280. This assessment comes from analyst Daniel Major and reflects UBS's continued confidence in the company's prospects.

Other Institutional Activity in Franco-Nevada

Several institutional investors have recently adjusted their positions in Franco-Nevada. FMR LLC increased its holdings by 1,265,010 shares, now owning 21,597,097 shares valued at about $5.35 billion, marking a 6.2% increase. Massachusetts Financial Services Co. trimmed its stake by 595,389 shares, holding 11,093,148 shares worth approximately $2.82 billion, a 5.1% decrease. Van Eck Associates Corp added 109,963 shares, bringing its total to 7,551,096 shares valued at around $1.87 billion, which is a 1.5% increase. FIL Ltd reduced its position by 121,648 shares to 5,895,278 shares, valued at approximately $1.46 billion, a 2% decrease. Vanguard Capital Management LLC opened a new position with 5,549,187 shares valued at about $1.37 billion.

Franco-Nevada Corporation Stock Down 21.7%

Shares of Franco-Nevada Corporation traded near $207.26 on Tuesday. The company boasts a market capitalization of approximately $41.49 billion, with a P/E ratio of 30.3 and a forward P/E of 22.4. Franco-Nevada has a beta of 0.889, indicating lower volatility compared to the broader market. The stock's 52-week range is between $152.89 and $285.67, with a 50-day moving average of $228.88 and a 200-day moving average of $226.19. The company maintains a strong financial position with a current ratio of 6.16 and a quick ratio of 5.43.

Recent Earnings

Franco-Nevada reported revenue of approximately $2.09 billion, with a revenue growth rate of 0.78%. The company achieved a net margin of 65.7% and a return on equity of 19%. Earnings per share stood at $7.10. The next earnings report is expected on August 11, 2026.

Dividend

Franco-Nevada offers an annual dividend rate of $1.76, providing a yield of 0.82%. The dividend payout ratio is 22.25%, reflecting the portion of earnings paid out as dividends.

Analysts Set New Price Targets

On June 30, 2026, UBS maintained its buy rating on Franco-Nevada with a $280 price target. TD Cowen upgraded the stock to a buy rating with a $291 price target on May 20, 2026. Scotiabank maintained a hold rating with a $290 price target on May 14, 2026. The consensus among analysts is a buy rating, with a mean price target of $294.86 based on nine analyst opinions.

About Franco-Nevada Corporation

Franco-Nevada Corporation, headquartered in Toronto, Canada, is a leading royalty and stream company in the basic materials sector, particularly focused on gold. Established in 1986, the company manages a diverse portfolio of precious metals, including gold, silver, and platinum group metals, across regions like South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. Franco-Nevada also engages in the sale of crude oil, natural gas, and natural gas liquids.

Bottom Line

UBS's reiterated buy rating and $280 price target underscore continued confidence in Franco-Nevada's performance. Investors often track such ratings for insights into potential stock movements. Remember, these analyst ratings are based on past data and projections, and actual future performance can vary.