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BofA Raises its Price Target on Franco-Nevada (FNV) to $311 from $280
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Franco-Nevada Corporation (NYSE:FNV) is one of the 8 Best Debt Free Stocks to Buy Right Now. On March 23, 2026, BofA raised the price target on Franco-Nevada Corporation (NYSE:FNV) to $311 from $280 and maintained a Neutral rating, updating its model following Q4 results and guidance. On March 16, 2026, Scotiabank raised its price target on Franco-Nevada Corporation (NYSE:FNV) to $286 from $283 and kept a Sector Perform rating after Q4 results. Scotiabank pointed to the company’s focus on Cobre Panama, advancing studies and permits, and executing on transaction opportunities. On March 10, 2026, Franco-Nevada Corporation (NYSE:FNV) reported Q4 adjusted EPS of $1.85, above the $1.67 consensus estimate, with revenue of $597.3M compared to the $532.77M consensus. The company reported 141,656 GEOs sold, up 18% year over year, and 129,690 net GEOs sold, up 21%. CEO Paul Brink said results reached the “top end” of guidance, driven by a strong fourth quarter, and highlighted higher cash flow supporting a dividend increase and continued capital deployment. Brink added that recent acquisitions add “optional value,” while 2026 guidance and the five-year outlook point to a strong growth foundation, with additional upside tied to exploration activity and a potential restart of Cobre Panama. Franco-Nevada Corporation (NYSE:FNV) operates a royalty and streaming business focused on precious metals and other resources globally. While we acknowledge the potential of FNV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.