Franco-Nevada (NYSE:FNV) Price Target Raised to $290.00 at Scotiabank

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its target price lifted by Scotiabank from $286.00 to $290.00 in a research report released on Thursday morning, Marketbeat.com reports. The firm currently has a sector perform rating on the basic materials company’s stock.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Wednesday, April 29th. National Bank Financial upgraded Franco-Nevada from a “sector perform” rating to an “outperform” rating in a report on Wednesday. UBS Group restated a “buy” rating and set a $310.00 target price on shares of Franco-Nevada in a report on Friday, January 30th. Finally, Zacks Research cut Franco-Nevada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Franco-Nevada has an average rating of “Moderate Buy” and an average target price of $257.75.

Franco-Nevada Price Performance

Shares of FNV stock opened at $237.93 on Thursday. The stock has a market capitalization of $45.89 billion, a PE ratio of 33.51, a P/E/G ratio of 2.35 and a beta of 0.34. Franco-Nevada has a 1-year low of $152.89 and a 1-year high of $285.67. The business has a 50-day moving average of $246.66 and a 200 day moving average of $231.45.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.29. The company had revenue of $650.70 million during the quarter, compared to analysts’ expectations of $634.43 million. Franco-Nevada had a return on equity of 18.10% and a net margin of 65.12%.Franco-Nevada’s quarterly revenue was up 76.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. Analysts anticipate that Franco-Nevada will post 7.81 EPS for the current year.

Franco-Nevada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 11th. Franco-Nevada’s payout ratio is presently 30.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FNV. Vanguard Group Inc. raised its position in shares of Franco-Nevada by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 8,330,234 shares of the basic materials company’s stock worth $1,726,741,000 after acquiring an additional 113,916 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Franco-Nevada by 12.8% in the 4th quarter. Van ECK Associates Corp now owns 7,441,133 shares of the basic materials company’s stock worth $1,542,402,000 after acquiring an additional 842,132 shares in the last quarter. Bank of Montreal Can raised its position in shares of Franco-Nevada by 8.9% in the 3rd quarter. Bank of Montreal Can now owns 5,560,980 shares of the basic materials company’s stock worth $1,237,510,000 after acquiring an additional 454,175 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Franco-Nevada by 26.5% in the 4th quarter. First Eagle Investment Management LLC now owns 5,123,444 shares of the basic materials company’s stock worth $1,062,037,000 after acquiring an additional 1,074,257 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Franco-Nevada by 10.2% in the 4th quarter. Royal Bank of Canada now owns 2,808,645 shares of the basic materials company’s stock worth $582,177,000 after acquiring an additional 260,793 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Key Franco-Nevada News

Here are the key news stories impacting Franco-Nevada this week:

• Positive Sentiment: HC Wainwright reaffirmed its Buy rating on Franco-Nevada and kept a $305 price target, signaling confidence in upside potential after the company’s strong quarterly results. HC Wainwright Buy Rating Reaffirmed
• Positive Sentiment: Scotiabank raised its price target on Franco-Nevada to $290 from $286, suggesting analysts still see meaningful upside from current levels even with a sector perform rating. Scotiabank Price Target Raised
• Positive Sentiment: Recent coverage highlighted record revenues and earnings outperformance in Q1, driven by higher prices and a strong precious-metals mix, which supports the company’s fundamental story. Q1 Earnings Beat Estimates
• Neutral Sentiment: Franco-Nevada announced a quarterly dividend of $0.44 per share, reinforcing its shareholder-return profile, though the yield remains modest. Dividend Announcement
• Neutral Sentiment: HC Wainwright also trimmed its FY2026 EPS estimate to $4.34 from $4.72, which may temper enthusiasm despite maintaining a bullish stance overall.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.