FNV
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Franco-Nevada Corporation (FNV) closed at $222.54 as of 2026-03-20, trading 53.1% above its 200-week moving average of $145.35. The stock is currently moving closer to the line, down from 73.5% last week. The 14-week RSI sits at 52, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.64 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 906 weeks of data, FNV has crossed below its 200-week moving average 14 times. On average, these episodes lasted 8 weeks. Historically, investors who bought FNV at the start of these episodes saw an average one-year return of +40.8%.
With a market cap of $43.0 billion, FNV is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 16.3%, a solid level. The stock trades at 5.6x book value.
Over the past 17.4 years, a hypothetical investment of $100 in FNV would have grown to $1976, compared to $992 for the S&P 500. That represents an annualized return of 18.7% vs 14.1% for the index — confirming FNV as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: FNV vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FNV Crosses Below the Line?
Across 14 historical episodes, buying FNV when it crossed below its 200-week moving average produced an average return of +34.9% after 12 months (median +32.0%), compared to +18.3% for the S&P 500 over the same periods. 79% of those episodes were profitable after one year. After 24 months, the average return was +62.2% vs +40.0% for the index.
Each line shows $100 invested at the moment FNV crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
FNV has crossed below its 200-week MA 14 times with an average 1-year return of +40.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 2008 | Jan 2009 | 10 | 36.5% | +106.5% | +1876.4% |
| Jun 2013 | Jul 2013 | 4 | 12.7% | +69.6% | +679.7% |
| Dec 2013 | Dec 2013 | 3 | 5.5% | +37.8% | +585.7% |
| Jul 2015 | Sep 2015 | 12 | 13.0% | +76.2% | +446.7% |
| Nov 2015 | Nov 2015 | 1 | 0.6% | +47.5% | +436.7% |
| Dec 2015 | Feb 2016 | 7 | 9.2% | +24.9% | +439.6% |
| Sep 2018 | Sep 2018 | 2 | 1.5% | +60.4% | +292.7% |
| Oct 2018 | Oct 2018 | 1 | 0.3% | +56.1% | +284.3% |
| Sep 2022 | Sep 2022 | 2 | 3.9% | +22.9% | +94.8% |
| Oct 2022 | Oct 2022 | 1 | 3.6% | +21.8% | +99.4% |
| Feb 2023 | Feb 2023 | 1 | 0.2% | -13.1% | +82.9% |
| Sep 2023 | Oct 2023 | 2 | 1.3% | -4.8% | +70.4% |
| Oct 2023 | Oct 2024 | 50 | 20.4% | +6.9% | +82.4% |
| Nov 2024 | Jan 2025 | 12 | 13.0% | +58.1% | +83.5% |
| Average | 8 | — | +40.8% | — |
Frequently Asked Questions
Is FNV below its 200-week moving average?
No. Franco-Nevada Corporation (FNV) is currently 53.1% above its 200-week moving average of $145.35. It would need to fall to $145.35 to cross below the line.
What is FNV's 200-week moving average price?
Franco-Nevada Corporation's 200-week moving average is $145.35 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when FNV drops below its 200-week moving average?
FNV has crossed below its 200-week moving average 14 times in our data. On average, buying at that moment produced a one-year return of +40.8%. These dips have historically been decent entry points. These episodes lasted 8 weeks on average.
Is FNV a good value right now?
Here's what our data says about FNV as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 52. Free cash flow is currently negative. Return on equity is 16.3%. Price-to-book is 5.6x. This is not a buy or sell recommendation — always do your own research.
How does FNV compare to the S&P 500?
Over the past 17.4 years, $100 invested in FNV would have grown to $1976, compared to $992 for the S&P 500. That's 18.7% annualized vs 14.1% for the index. FNV has outperformed the broader market over this period.
Does FNV pay a dividend?
Yes. Franco-Nevada Corporation currently pays a dividend yield of 79.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20