AU vs. FNV: AngloGold Ashanti vs. Franco-Nevada Stock Comparison

November 11, 2026

How do AngloGold Ashanti (AU) and Franco-Nevada (FNV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

AngloGold Ashanti (AU) and Franco-Nevada (FNV) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.

Company profile comparison for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Profile Item	AU	FNV
Name	AngloGold Ashanti plc	Franco-Nevada Corporation
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Gold
Market Capitalization	47.04 billion USD	49.17 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 5, 1998	December 7, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FNV

GSPC

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for AngloGold Ashanti (AU) and Franco-Nevada (FNV). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for AngloGold Ashanti (AU) and Franco-Nevada (FNV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Metric	AU	FNV
Total Return (1Y)	47.97%	37.48%
Total Return (3Y, Annualized)	87.34%	30.93%
Total Return (5Y, Annualized)	42.76%	13.51%

Risk Profile

Drawdown History

FNV

GSPC

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for AngloGold Ashanti (AU) and Franco-Nevada (FNV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Metric	AU	FNV
Volatility (1Y, Annualized)	60.11%	39.71%
Beta (5Y)	0.67	0.28
Max Drawdown (5Y)	-51.75%	-37.12%
Avg. Volume (3M)	2.54M	716.56K

Risk-Adjusted Performance

Risk-Return Positioning

AU and FNV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Metric	AU	FNV
Sharpe Ratio (1Y)	0.73	0.84
Sortino Ratio (1Y)	1.07	1.19

Profitability

ROE (TTM)

Both AngloGold Ashanti (AU) at 44.33% and Franco-Nevada (FNV) at 19.91% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

AU

Materials industry group

44.33%

Max: 52.88%
AU: 44.33%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

FNV

Materials industry group

19.91%

Max: 52.88%
FNV: 19.91%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Franco-Nevada (FNV) at 64.23% keeps the most of each sales dollar — above its industry’s net margin range — and AngloGold Ashanti (AU) at 32.64% also retains a top-quartile share.

AU

Materials industry group

32.64%

Max: 38.66%
AU: 32.64%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

FNV

Materials industry group

64.23%

FNV: 64.23%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Franco-Nevada (FNV) at 76.98% shows unusually strong operating efficiency — above its industry’s operating margin range — and AngloGold Ashanti (AU) at 45.36% also operates in the top quartile.

AU

Materials industry group

45.36%

Max: 66.70%
AU: 45.36%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

FNV

Materials industry group

76.98%

FNV: 76.98%
Max: 66.70%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Metric	AU	FNV
ROE (TTM)	44.33%	19.91%
ROA (TTM)	24.39%	13.74%
Net Margin (TTM)	32.64%	64.23%
Operating Margin (TTM)	45.36%	76.98%
Gross Margin (TTM)	54.84%	92.09%

Growth

Revenue Growth

Both AngloGold Ashanti (AU) at 70.78% and Franco-Nevada (FNV) at 63.69% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their Revenue Growth across different time periods.

EPS Growth

AngloGold Ashanti (AU) at 122.32% sits in the top EPS growth quartile, while Franco-Nevada (FNV) at 100.70% is closer to the peer norm — faster per-share earnings growth for AU.

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Metric	AU	FNV
Revenue Growth (YoY)	70.78%	63.69%
Revenue Growth (3Y CAGR)	30.02%	11.48%
EPS Growth (YoY)	122.32%	100.70%
EPS Growth (3Y CAGR)	93.95%	16.42%

Financial Strength

Current Ratio (MRQ)

AngloGold Ashanti (AU) at 2.55 keeps current ratio within its industry’s typical mid-range, while Franco-Nevada (FNV) at 9.38 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

AU

Materials industry group

2.55

Max: 5.96
Q3: 3.30
AU: 2.55
Median: 2.24
Q1: 1.45
Min: 0.16

FNV

Materials industry group

9.38

FNV: 9.38
Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: AngloGold Ashanti (AU) carries debt-to-equity ratio of 0.16 against its industry range, while Franco-Nevada (FNV) reports no figure this period.

AU

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
AU: 0.16
Q1: 0.13
Min: 0.00

FNV

Materials industry group

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00
FNV: --

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): FNV does not report debt-to-equity ratio, so it has no value marker; AU is benchmarked against the Materials industry group.

Financial Strength Metrics

Financial strength metrics for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Metric	AU	FNV
Current Ratio (MRQ)	2.55	9.38
Debt / Equity (MRQ)	0.16	--
Net Debt / EBITDA	-0.17	-0.49

Dividends

Dividend Yield (TTM)

Franco-Nevada (FNV) at 0.65% pays an industry-typical yield; AngloGold Ashanti (AU) at 4.88% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

AU

Materials industry group

4.88%

AU: 4.88%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

FNV

Materials industry group

0.65%

Max: 4.52%
Q3: 1.85%
FNV: 0.65%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Franco-Nevada (FNV) at 21.44% pays out a band-typical share of earnings, while AngloGold Ashanti (AU) at 58.78% distributes more than its industry norm — less retained, thinner cover.

AU

Materials industry group

58.78%

Max: 83.62%
AU: 58.78%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

FNV

Materials industry group

21.44%

Max: 83.62%
Q3: 41.37%
FNV: 21.44%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Metric	AU	FNV
Dividend Yield (TTM)	4.88%	0.65%
Dividend Payout Ratio (TTM)	58.78%	21.44%

Valuation

P/E Ratio (TTM)

AngloGold Ashanti (AU) at 12.09 is near its industry’s usual P/E ratio, while Franco-Nevada (FNV) at 33.33 sits in the richer quartile — FNV needs stronger growth or earnings quality to justify the premium.

AU

Materials industry group

12.09

Max: 59.00
Q3: 32.93
Median: 18.82
AU: 12.09
Q1: 11.96
Min: 3.93

FNV

Materials industry group

33.33

Max: 59.00
FNV: 33.33
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

AngloGold Ashanti (AU) at 3.91 prices around its industry’s typical P/S ratio, while Franco-Nevada (FNV) at 21.37 clears its benchmark range — FNV looks notably rich on sales.

AU

Materials industry group

3.91

Max: 9.62
Q3: 4.34
AU: 3.91
Median: 1.87
Q1: 0.73
Min: 0.00

FNV

Materials industry group

21.37

FNV: 21.37
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Both AngloGold Ashanti (AU) at 5.01 and Franco-Nevada (FNV) at 5.97 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

AU

Materials industry group

5.01

Max: 6.59
AU: 5.01
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

FNV

Materials industry group

5.97

Max: 6.59
FNV: 5.97
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

AngloGold Ashanti (AU) vs. Franco-Nevada (FNV): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for AngloGold Ashanti (AU) and Franco-Nevada (FNV)
Metric	AU	FNV
P/E Ratio (TTM)	12.09	33.33
P/S Ratio (TTM)	3.91	21.37
P/B Ratio (MRQ)	5.01	5.97
Free Cash Flow Yield (TTM)	7.61%	0.96%