68/100BFranco-Nevada stock forecast 2026–2029What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Franco-Nevada is 275.00, 8.2% above the current price of 254.20. Their targets range from 245.00 to 291.00.
Of the 7 firms that rated Franco-Nevada in the past 12 months, 4 rate it buy or strong buy, 3 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 245.00 to 291.00, with an average of 275.00.
| Buy | 4 | |
| Hold | 3 | |
| Sell | 0 |
12-month price target
| Highest target | 291.00 |
| Average target | 275.00 |
| Lowest target | 245.00 |
| Current price | 254.20 |
Franco-Nevada price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Franco-Nevada price target and rating?
How analysts rate Franco-Nevada, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
4 of 7 firms rate it buy now, against 4 of 7 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Franco-Nevada analyst upgrades, downgrades and price targets
The latest rating change came on 20 May 2026, when TD Securities upgraded Franco-Nevada from Hold to Buy. Its price target is 291.00. The most recent new target came from Scotiabank on 14 July 2026: 274.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 14 Jul 2026 | Scotiabank Tanya Jakusconek | Reiterated · Sector Perform | 290.00 → 274.00 | -5.5% | 202.32 |
| 9 Jul 2026 | RBC Capital | Reiterated · Outperform | 250.00 → 285.00 | +14.0% | 207.50 |
| 6 Jul 2026 | Jefferies | Reiterated · Hold | 228.00 → 245.00 | +7.5% | 217.58 |
| 30 Jun 2026 | UBS Daniel Major | Reiterated · Buy | 310.00 → 280.00 | -9.7% | 204.50 |
| 20 May 2026 | TD Securities | Upgraded · Hold → Buy | 291.00 | — | 222.74 |
| 14 May 2026 | Scotiabank | Reiterated · Sector Perform | 283.00 → 290.00 | +2.5% | 237.11 |
| 12 Mar 2026 | H.C. Wainwright Heiko Ihle | — | 285.00 → 305.00 | +7.0% | 265.72 |
| 13 Feb 2026 | H.C. Wainwright | — | 210.00 → 285.00 | +35.7% | 250.65 |
| 30 Jan 2026 | UBS | — | 270.00 → 310.00 | +14.8% | 242.45 |
| 26 Jan 2026 | Scotiabank | Reiterated · Sector Perform | 225.00 → 283.00 | +25.8% | 265.05 |
| 10 Dec 2025 | RBC Capital Josh Wolfson | Upgraded · Sector Perform → Outperform | 250.00 | — | 202.93 |
| 7 Dec 2025 | Jefferies | — | 228.00 | — | 203.17 |
| 1 Dec 2025 | UBS | Reiterated · Buy | 260.00 → 270.00 | +3.8% | 208.10 |
Franco-Nevada EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Revenue
EPS
Does Franco-Nevada beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 7.8% off the result, either way, and their revenue estimate 6.3%, over the last 12 quarters.
- EPS beats
- 43 / 74
- Revenue beats
- 42 / 70
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +4.8%
- Since
- May 2008
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 | 11 Aug 2026 | 1.95 | 1.81 | -7.2% | 616.66M | 580.90M | -5.8% |
| Q1 FY2026 | 12 May 2026 | 2.09 | 2.38 | +13.9% | 634.43M | 650.70M | +2.6% |
| Q4 FY2025 | 10 Mar 2026 | 1.68 | 1.85 | +10.1% | 539.77M | 597.30M | +10.7% |
| Q3 FY2025 | 3 Nov 2025 | 1.37 | 1.43 | +4.4% | 536.02M | 487.70M | -9.0% |
| Q2 FY2025 | 11 Aug 2025 | 1.10 | 1.24 | +12.7% | 432.85M | 369.40M | -14.7% |
| Q1 FY2025 | 8 May 2025 | 1.00 | 1.07 | +7.0% | 333.27M | 368.40M | +10.5% |
| Q4 FY2024 | 10 Mar 2025 | 0.89 | 0.95 | +6.7% | 304.44M | 317.90M | +4.4% |
| Q3 FY2024 | 6 Nov 2024 | 0.86 | 0.80 | -7.0% | 310.19M | 275.70M | -11.1% |
| Q2 FY2024 | 13 Aug 2024 | 0.78 | 0.75 | -3.8% | 258.00M | 256.90M | -0.4% |
| Q1 FY2024 | 1 May 2024 | 0.72 | 0.76 | +5.6% | 259.00M | 255.25M | -1.4% |
| Q4 FY2023 | 5 Mar 2024 | 0.80 | 0.90 | +12.5% | 303.30M | 311.89M | +2.8% |
| Q3 FY2023 | 8 Nov 2023 | 0.89 | 0.91 | +2.2% | 303.50M | 309.50M | +2.0% |
Franco-Nevada stock price 2026–2029: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Franco-Nevada's earnings grow at the 26.5% a year analysts expect to FY2027, then 15.0% a year, it would earn about 11.83 a share in FY2029. At the P/E it has traded at over the last five years (33.2 to 41.0) that is 392.44 to 484.52 a share, or 435.61 at its average P/E of 36.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 8.00 | 265.56 | 294.77 | 327.87 |
| FY2027 | 8.94 | 296.74 | 329.38 | 366.37 |
| FY2028 (extrapolated) | 10.28 | 341.25 | 378.79 | 421.32 |
| FY2029 (extrapolated) | 11.83 | 392.44 | 435.61 | 484.52 |
Each year's EPS is the analysts' consensus to FY2027; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (33.2, 36.8, 41.0).
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 97.350 | 194.84146Price 97.35244 | +100.1% | |
| 119.980 | 236.63177Price 119.98296 | +97.2% | |
| 197.050 | 384.58163Price 197.052,644 | +95.2% | |
| 157.530 | 305.52161Price 157.53396 | +93.9% | |
| 43.270 | 82.9546Price 43.27165 | +91.7% | |
| 214.470 | 405.52304Price 214.47507 | +89.1% | |
| 163.700 | 308.95212Price 163.70442 | +88.7% |
Furthest below the fair value on each stock's page, updated every day.