11 Best Mining Stocks to Buy According to Wall Street

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2. Franco-Nevada Corporation (NYSE:FNV)

Potential upside: 21.29%

Number of Hedge Fund Holders: 39

On February 4, 2026, CIBC raised its price target on Franco-Nevada Corporation (NYSE:FNV) to C$480 from C$460 and reiterated an Outperformer rating. The firm lifted targets across its precious metals coverage after raising its gold price forecast to $6,000 per ounce in 2026 and $6,500 in 2027, while also increasing copper assumptions. CIBC said the same demand drivers that supported the sector in 2025 remain in place for 2026, with heightened geopolitical uncertainty adding further support.

Other firms adjusted their views earlier in the year as part of broader sector updates. On January 30, 2026, UBS raised its price target on Franco-Nevada Corporation (NYSE:FNV) to $310 from $270 and maintained a Buy rating. Earlier, on January 26, 2026, Scotiabank lifted its price target to $283 from $225 while keeping a Sector Perform rating, citing higher gold and silver price forecasts supported by economic and geopolitical uncertainty and continued central bank buying.

Franco-Nevada Corporation (NYSE:FNV) operates a global royalty and streaming portfolio with a primary focus on precious metals, including gold and silver, alongside exposure to other mining assets and energy-related interests across the Americas, Australia, Europe, and other regions.

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