Scotiabank Raises its Price Target on Franco-Nevada (FNV)

On May 14, 2026, Scotiabank raised the firm’s terms people connected Franco-Nevada Corporation (NYSE:FNV) to $290 from $286 portion maintaining a Sector Perform standing connected the shares. The steadfast said it updated its exemplary pursuing the company’s Q1 results.

Meanwhile, National Bank expert Shane Nagle upgraded Franco-Nevada Corporation (NYSE:FNV) to Outperform from Sector Perform with a C$420 terms target.

On May 12, 2026, Franco-Nevada Corporation (NYSE:FNV) reported Q1 EPS of $2.38, versus the statement estimation of $2.08. Revenue totaled $650.7M, compared to the statement estimation of $635.3M. David Harquail reflected connected astir 4 decades successful the golden royalty business, describing Franco-Nevada arsenic a lower-risk golden concern exemplary supported by a beardown equilibrium expanse and insulation from inflationary pressures. Harquail besides highlighted the company’s semipermanent shareholder returns and assurance successful the absorption squad and committee to proceed delivering dividends implicit time.

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The institution said it remains connected way to execute its FY26 GEO income guidance of 510,000 to 570,000 ounces, excluding immoderate imaginable contributions from Cobre Panama. Franco-Nevada added that portion the caller support to process stockpiled ore astatine Cobre Panama is expected to supply immoderate payment successful 2026, astir related deliveries are anticipated successful 2027. Based connected estimates from First Quantum Minerals, the processing of stockpiled ore could effect successful watercourse deliveries to Franco-Nevada of astir 23,100 golden ounces and 265,000 metallic ounces. The institution besides noted that its royalty and streaming operation provides insulation from rising lipid prices, though elevated vigor prices could inactive positively interaction its Energy gross segment. Franco-Nevada said a $10 summation successful WTI lipid prices supra its assumed $70 per tube level would beryllium expected to summation lipid gross by astir 12%.

Franco-Nevada Corporation (NYSE:FNV) operates arsenic a royalty and streaming institution focused chiefly connected precious metals assets crossed aggregate planetary regions.

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