Franco-Nevada (FNV)

• Market cap: $22.4B
• 1 day: 0.91%
• 5 days: -2.74%
• 1 month: -4.31%
• 3 months: -9.47%
• 6 months: -1.03%
• Year to date: 4.27%
• 1 year: 6.83%
• 5 years: 20.50%
• 10 years: 147.99%

About: Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, primarily located in the US, Canada, and Australia.

Employees: 40

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

29% more call options, than puts

Call options by funds: $206M | Put options by funds: $159M

22% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 45

2% more funds holding

Funds holding: 468 [Q2] → 478 (+10) [Q3]

4% more capital invested

Capital invested by funds: $16.2B [Q2] → $16.8B (+$599M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 11 [Q2] → 11 (+0) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 158 | Existing positions reduced: 168

2.28% less ownership

Funds ownership: 71.91% [Q2] → 69.64% (-2.28%) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $137 18% upside
• Avg. target: $148 28% upside
• High target: $160 38% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

HC Wainwright & Co. Heiko Ihle 44% 1-year accuracy 76 / 174 met price target	33% upside $155	Buy Maintained	20 Dec 2024
UBS Daniel Major 0% 1-year accuracy 0 / 8 met price target	38% upside $160	Buy Initiated	18 Nov 2024
Scotiabank Tanya Jakusconek 55% 1-year accuracy 11 / 20 met price target	21% upside $141	Sector Perform Maintained	8 Nov 2024
Jefferies Chris LaFemina 43% 1-year accuracy 6 / 14 met price target	18% upside $137	Hold Maintained	4 Oct 2024