H.C. Wainwright raises Franco Nevada stock price target on strong growth

Investing.com - H.C. Wainwright raised its price target on Franco Nevada stock (NYSE:FNV) to $305 from $285 while maintaining a Buy rating.

The company recorded revenue of $1.9 billion for the year, yielding net income of $1.1 billion, or $5.77 per share. This compares to 2024 revenue of $1.1 billion and net income of $552.1 million, or $2.87 per share.

The firm’s average realized gold price reached roughly $3,436 per ounce. Much of the growth was credited to acquisitions following the shutdown of Cobre Panamá.

Franco Nevada raised its quarterly dividend to $0.44 per share from $0.38, payable on March 26, 2026, to shareholders of record on Thursday. This marks the 19th consecutive annual dividend increase. The company has maintained dividend payments for 19 consecutive years, with dividend growth of 22% over the last twelve months. The stock has delivered an impressive 82% return over the past year, though it currently trades above its Fair Value estimate, placing it among the most overvalued stocks in the sector.

The increased price target was driven by updates to H.C. Wainwright’s model following the release of Franco Nevada’s 2026 guidance.

In other recent news, Franco-Nevada Corporation reported its financial results for the fourth quarter of 2025, exceeding market expectations. The company achieved an earnings per share (EPS) of $1.85, which was higher than the anticipated $1.65, marking a positive surprise of 12.12%. Additionally, Franco-Nevada’s revenue reached $597.3 million, surpassing the forecasted $536.09 million by 11.42%. These results highlight the company’s robust performance during the quarter. The earnings announcement was met with investor optimism. Such developments are crucial for investors as they provide insights into the company’s financial health and operational success.