Analyst Heiko Ihle of H.C. Wainwright reiterated a Buy rating on Franco-Nevada, boosting the price target to $210.00.
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Heiko Ihle has given his Buy rating due to a combination of factors including Franco-Nevada’s impressive financial performance and strategic asset management. The company reported a significant increase in revenues for the third quarter of 2025, with a 77% year-over-year growth driven by a 100% increase in stream revenues and higher metal prices. This growth is further supported by Franco-Nevada’s strategic investment of over $2.1 billion into new assets, which is expected to drive future growth and value creation.
Additionally, the resolution of a longstanding tax dispute with the Canada Revenue Agency has provided Franco-Nevada with increased financial flexibility and long-term tax certainty. The settlement eliminated potential tax liabilities and unlocked nearly $100 million in balance sheet flexibility. Ihle’s increased price target of $210, up from $200, reflects the company’s strong commodity pricing and potential upside from its asset portfolio, particularly the Cobre Panama project, further justifying the Buy rating.
In another report released on November 3, BMO Capital also maintained a Buy rating on the stock with a C$332.00 price target.