Canada's Franco-Nevada Q1 revenue rises on gold and silver prices

Franco-Nevada

12/05/2026 22:27

Overview

Canada gold royalty firm's Q1 revenue rose 77%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company reported a Q1 net income increase of 123% compared to last year

Outlook

Franco-Nevada maintains 2026 GEO sales guidance of 510,000 to 570,000 ounces, excluding Cobre Panamá

Company expects moderate Cobre Panamá stream deliveries in 2026, with majority anticipated in 2027

Franco-Nevada says higher oil prices could increase energy revenue if elevated prices persist

Result Drivers

HIGHER PRECIOUS METAL PRICES - Co said record gold and silver prices contributed to increased revenue and GEOs sold

NEWLY ACQUIRED AND RECENTLY PRODUCING ASSETS - Co cited incremental contributions from assets acquired or started production in the past year, including Côté Gold, Porcupine and Valentine

CASABEL BUY-BACK AND TAX REFUND - Co said partial buy-back of Cascabel stream and NSR and a $49.5 mln tax refund boosted net income and operating cash flow

Company press release: ID:nCNWS4WnNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$650.70 mln
$634.66 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$2.38
$2.07 (8 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Franco-Nevada Corp is C$410.00, about 26.2% above its May 11 closing price of C$324.98

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)