Shares of Franco-Nevada (NYSE: FNV) were surging heading into the company’s Q2 2026 earnings report. The company had slight misses on the top and bottom lines, with revenue of $580.90 million coming in short of expectations of $616.66 million. Adjusted earnings per share (EPS) of $1.81 also came in below the forecasted $1.95.
Shares moved lower after the report, giving back some of their recent gains. Investors may want to consider any pullback as a buying opportunity on a gold rally that appears to be just warming up.