13 Most Profitable Growth Stocks to Buy Right Now

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7. Franco-Nevada Corporation (NYSE:FNV)

After revising its 2026 metal price forecasts, Bank of America updated its price targets for the North American Metals & Mining stocks under its coverage. As part of that review, the firm increased its price target on Franco-Nevada Corporation (NYSE:FNV) from $262 to $280 while maintaining a Neutral rating on February 26.

On February 23, Franco-Nevada Corporation (NYSE:FNV) announced a A$220 million (approximately US$155 million) funding agreement with Minerals 260 Ltd. to fast-track the development of the Bullabulling gold project in Western Australia. The deal represents the company’s largest royalty investment in Australia to date.

As part of the agreement, Franco-Nevada Corporation (NYSE:FNV) will obtain an A$170 million gross royalty from Minerals 260 Ltd. to advance the Bullabulling project and invest A$50 million in the company’s shares. The deal increases its royalty from 1% to an effective 2.45% across a broader land package. The company will buy shares at A$0.45 each, securing a 4.9% stake. Bullabulling ranks among Australia’s larger short-term gold development projects. It holds 3 million ounces in indicated resources and 1.5M ounces inferred.

Based in Toronto, Canada, Franco-Nevada Corporation (NYSE:FNV) operates as a royalty and stream company. It is focused on precious metals, including silver, gold, and platinum group metals. The company operates in the Precious Metals, Other Mining, and Energy segments.

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