BMO Capital reinstated coverage of Franco-Nevada (FNV) with an Outperform rating and C$260 price target The company offers optionality to great geology with a large and diverse portfolio of royalties and streams, and at the current high gold prices, the firm expects to increasingly see projects coming to light in Franco-Nevada’s extensive asset holdings, the analyst tells investors in a research note. The company also has several assets ramping this year including TZ, Greenstone and Salares Norte, and could add materially more exposure to gold if Cobre Panama comes back into operation, BMO adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNV:
- Franco-Nevada to Announce Q1 2025 Financial Results
- Franco-Nevada price target raised to $165 from $150 at Scotiabank
- Franco-Nevada price target lowered to $165 from $173 at BofA
- Franco-Nevada price target raised to $181 from $162 at Raymond James
- Franco-Nevada price target raised to C$240 from C$215 at National Bank