CIBC Raises its Price Target on Franco-Nevada Corporation (FNV) to C$480 and Reiterates an Outperformer Rating

Core Viewpoint - Franco-Nevada Corporation (NYSE:FNV) is recognized as one of the best mining stocks to buy according to Wall Street, with multiple firms raising their price targets based on favorable market conditions for precious metals [1][6]. Price Target Adjustments - CIBC raised its price target on Franco-Nevada Corporation to C$480 from C$460, maintaining an Outperformer rating, driven by an increased gold price forecast to $6,000 per ounce in 2026 and $6,500 in 2027, alongside higher copper assumptions [2]. - UBS increased its price target for Franco-Nevada Corporation to $310 from $270 while keeping a Buy rating, reflecting a positive outlook on gold and silver prices amid economic and geopolitical uncertainties [3]. - Scotiabank also raised its price target to $283 from $225, maintaining a Sector Perform rating, citing similar factors of higher gold and silver price forecasts supported by ongoing central bank buying [3]. Company Overview - Franco-Nevada Corporation operates a global royalty and streaming portfolio primarily focused on precious metals, including gold and silver, with additional exposure to other mining assets and energy-related interests across various regions including the Americas, Australia, and Europe [4].