Franco-Nevada Corporation (FNV) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 26 analysts36.4% Below Target
FNV trades 36.4% below Wall Street's consensus target of $299.00.
Current Price$219.26
Average Target$299.00
Target
Current
Low$290.00
Median$298.00
High$310.00
Analyst Target Range
Forward P/E24.4x
(Fair)
PEG Ratio0.92
(Undervalued)
Implied Growth+26.4%
(High Growth)
Analyst Spread6.7%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes FNV achieves its forward estimates and maintains a stable P/E multiple of 24.4x. This scenario reflects the blended consensus of 26 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
FNV Price Target Analysis
Updated June 20, 2026As of June 20, 2026, Franco-Nevada Corporation (FNV) has a Wall Street consensus price target of $299.00, based on estimates from 26 covering analysts. With the stock currently trading at $219.26, this represents a potential upside of +36.4%. The company has a market capitalization of $42.27B.
Analyst price targets range from a low of $290.00 to a high of $310.00, representing a 7% spread in expectations. The median target of $298.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,12 rating it Hold, and 2 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, FNV trades at a trailing P/E of 37.4x and forward P/E of 24.4x. The forward PEG ratio of 0.92 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +26.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $165.39, with bear and bull scenarios of $104.20 and $217.92 respectively. Model confidence stands at 45/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+52.1%
Industry Consensus
Avg Forward P/E
16.5x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
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|---|---|---|---|---|---|---|---|
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 OROR Royalties Inc. | $6.5B | $34.86 | $51.00 | +46.3% | Buy | 16.7x | 9 |
 EMXEMX Royalty Corporation | $453M | $4.16 | $5.75 | +38.2% | Buy | 45.0x | 1 |
 NEMNewmont Corporation | $115.0B | $103.79 | $143.33 | +38.1% | Buy | 10.1x | 36 |
 AEMAgnico Eagle Mines Limited | $83.5B | $166.66 | $248.17 | +48.9% | Buy | 12.2x | 31 |
 KGCKinross Gold Corporation | $31.9B | $26.67 | $45.33 | +70.0% | Buy | 8.8x | 29 |
 AGIAlamos Gold Inc. | $15.3B | $36.34 | $60.00 | +65.1% | Buy | 13.2x | 13 |
 EGOEldorado Gold Corporation | $6.5B | $33.05 | $52.67 | +59.4% | Hold | 8.2x | 24 |
 AUAngloGold Ashanti Plc | $45.9B | $90.87 | $148.00 | +62.9% | Buy | 9.0x | 14 |
FNV — Frequently Asked Questions
Quick answers to the most common questions about buying FNV stock.
What is the FNV stock price target for 2026?
The consensus Wall Street price target for FNV is $299, representing 36.4% upside from the current price of $219.26. With 26 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is FNV a buy, sell, or hold?
FNV has a consensus rating of "Buy" based on 26 Wall Street analysts. The rating breakdown is mixed, with 12 Hold ratings making up the largest segment. The consensus 12-month price target of $299 implies 36.4% upside from current levels.
Is FNV stock overvalued or undervalued?
FNV trades at a forward P/E of 24.4453x, representing a moderate valuation. With analysts targeting $299 (36.4% implied move), the stock appears reasonably valued with upside.
How high can FNV stock go?
The most bullish Wall Street analyst has a price target of $310 for FNV, while the most conservative target is $290. The consensus of $299 represents the median expectation. Our quantitative valuation model projects a bull case target of $218 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover FNV stock?
FNV is heavily covered by Wall Street, with 26 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 12 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the FNV stock forecast?
The 12-month FNV stock forecast based on 26 Wall Street analysts shows a consensus price target of $299, with estimates ranging from $290 (bear case) to $310 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $165, with bear/bull scenarios of $104/$218.
What is FNV's fair value based on fundamentals?
Our quantitative valuation model calculates FNV's fair value at $165 (base case), with a bear case of $104 and bull case of $218. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 45/100.
What is FNV's forward P/E ratio?
FNV trades at a forward P/E ratio of 24.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 37.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy FNV stock?
Wall Street analysts are very optimistic on FNV, with a "Buy" consensus rating and $299 price target (36.4% upside). 12 of 26 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do FNV price targets vary so much?
FNV analyst price targets range from $290 to $310, a 7% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $299 consensus represents the middle ground. Our model's $104-$218 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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