BofA Raises its Price Target on Franco-Nevada (FNV) to $311 from $280

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.

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