FNV · NYSE · STOCK
Franco-Nevada (FNV) Stock Analysis
$266.15
52W $181.50 – $285.67
64/100
$51.33B
34.7
0.96
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is FNV Bullish or Bearish?
Bullish.
Innellis AI committee rates Franco-Nevada Corporation (FNV) Buy with a composite score of 64/100
, based on 6 analysts with 50% agreement.
Last updated September 06, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +10.85 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -9.15 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is split. Analysts see this stock differently enough that the current rating reflects genuine uncertainty, not a weak signal.
Bull & Bear Case
Bull Case
- ROE of 19.1% shows genuine earnings power backing the valuation — Value
- Revenue growing 73.6% YoY -- genuine top-line momentum — Growth
- EPS growing 87.9% YoY — Growth
- Price structure making higher highs and higher lows — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
Bear Case
- P/E of 35.2 is moderate-to-rich — Value
- Price-to-book of 5.2x prices in significant intangible value — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical
- Bollinger bandwidth of 23.1% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 06, 2026
Overall Committee Score
64/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 18%
of 99 Basic Materials peers
Value Analyst
neutral
54
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 19.1% shows genuine earnings power backing the valuation
− P/E of 35.2 is moderate-to-rich
Growth Analyst
bullish
68
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 73.6% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
57
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 23.1% signals elevated volatility
Macro Analyst
bullish
80
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 6 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2704.43)
Investment Thesis Evolution
Committee score moved marginally from 64.2 to 64.2.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bearish signal(s).
Comparing 2026-09-05 to 2026-09-06 (1 day apart).
Technical Analysis
RSI (14)
59.1
Neutral
MACD Histogram
-0.482
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$219.24
Resistance
$272.72
Bollinger %B
0.69
Inside Bands
Price vs Moving Averages
EMA 9
$263.18
Above
EMA 21
$253.69
Above
EMA 50
$239.60
Above
EMA 200
$225.81
Above
Fundamental Analysis
Valuation
49
Growth
44
Profitability
93
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
34.7×
P/B Ratio
6.24×
PEG Ratio
0.39
Dividend Yield
0.62%
52W High
$285.67
52W Low
$181.50
Quality & Growth
ROE
1459.2%
ROA
1351.9%
Gross Margin
7732.0%
Operating Margin
7561.1%
Revenue Growth YoY
—
Debt / Equity
0.00
AI Fundamental Assessment
P/E ratio of 34.7 (rich relative to a 15-40x range); Price-to-book of 6.2x; PEG ratio of 0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 14.6%; Return on assets of 13.5%; Net margin of 63.8%; Gross margin of 77.3%; Current ratio of 9.38 (healthy short-term liquidity); Debt-to-equity of 0.00; Free cash flow per share is positive (16.09); Most recent quarter missed estimates by 15.1%; EPS growth decelerating (+28.6% -> -23.9% QoQ); Analyst estimates rising over recent quarters
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