AngloGold Ashanti (AU) vs Franco-Nevada (FNV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
AngloGold Ashanti (AU) has outperformed Franco-Nevada (FNV) over the past year, gaining 20.8% versus a gain of 9.4%. Over five years, AU leads with a +379.2% price change compared with +69.0% for FNV. Franco-Nevada is the larger company by market cap ($46.32 billion vs $46.01 billion), about 1.0 times the size, while AngloGold Ashanti is growing revenue faster (+70.8% vs +63.7%).
On valuation, AngloGold Ashanti trades at a lower forward P/E (9.1x vs 25.7x for Franco-Nevada). AngloGold Ashanti offers the higher dividend yield (4.97% vs 0.68%). Franco-Nevada converts more of its revenue into profit, with a net margin of 61.0% versus 32.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AU | FNV |
|---|---|---|
| Share price | $90.98 | $240.16 |
| Market cap | $46.01B | $46.32B |
| 1-day change | +1.03% | +0.94% |
| YTD return | +5.59% | +14.77% |
| 1-year return | +20.82% | +9.45% |
| 5-year return | +379.24% | +69.04% |
| P/E ratio (TTM) | 12.20 | 31.39 |
| Forward P/E | 9.14 | 25.70 |
| EPS (TTM) | $7.46 | $7.65 |
| Dividend yield | 4.97% | 0.68% |
| Annual dividend | $4.52 | $1.64 |
| Revenue (latest FY) | $9.89B | $1.82B |
| Revenue growth (YoY) | +70.78% | +63.69% |
| Net income (latest FY) | $3.17B | $1.11B |
| Gross margin | 49.24% | 73.91% |
| Operating margin | — | 74.29% |
| Net margin | 32.08% | 61.01% |
| 52-week high | $129.14 | $285.67 |
| 52-week low | $62.55 | $181.50 |
| Distance from 52-week high | -29.55% | -15.93% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +29.15% | +19.49% |
| Average volume | 2.59M | 795.74K |
| Shares outstanding | 505.77M | 192.87M |
| Employees | 38,000 | — |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AU has outperformed FNV by 11.4 percentage points over the past year.
- Franco-Nevada trades at a higher earnings multiple (31.4x vs 12.2x trailing P/E).
- AngloGold Ashanti offers a meaningfully higher dividend yield (4.97% vs 0.68%).
- Franco-Nevada is more profitable, keeping 61.0 cents of every revenue dollar as net income versus 32.1 cents for AngloGold Ashanti.
- AngloGold Ashanti grew revenue faster in its latest fiscal year (+70.78% vs +63.69%).
About AngloGold Ashanti
AU stock →AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. It explores for gold, as well as by-products, including silver and sulphuric acid.
Basic Materials · Precious Metals · 38,000 employees
About Franco-Nevada
FNV stock →Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. The company operates through Precious Metals, Other Mining and Energy segments.
Basic Materials · Precious Metals
AU vs FNV FAQ
Which is bigger, AngloGold Ashanti or Franco-Nevada?
Franco-Nevada (FNV) is larger, with a market capitalization of $46.32B compared with $46.01B for AngloGold Ashanti (AU).
Which stock has performed better over the past year, AU or FNV?
AU returned +20.82% over the past 12 months, compared with +9.45% for FNV (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AU or FNV?
AU has the lower trailing P/E at 12.2, versus 31.4 for FNV. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, AngloGold Ashanti or Franco-Nevada?
AngloGold Ashanti has the higher yield at 4.97%, compared with 0.68% for Franco-Nevada.
Are AngloGold Ashanti and Franco-Nevada in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.