Raymond James and CIBC Raise Price Targets on Franco-Nevada (FNV)

Core Insights - Franco-Nevada Corporation (NYSE:FNV) is recognized as one of the best gold stocks to buy according to hedge funds [1] - Price targets for Franco-Nevada have been raised by both Raymond James and CIBC due to increased gold price forecasts [2] Group 1: Price Target Increases - Raymond James raised its price target on Franco-Nevada from $218 to $234 while maintaining an Outperform rating [1] - CIBC increased its price target from C$315 to C$460, also keeping an Outperformer rating [2] Group 2: Market Context - The price target increases are attributed to higher gold price forecasts and a recent surge in gold prices, positively impacting gold stocks year-to-date [2] Group 3: Company Overview - Franco-Nevada Corporation is a Canadian gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets [3]