RBC Capital Maintains Outperform on Franco-Nevada, Raises Price Target to $300
RBC Capital analyst Josh Wolfson maintains Franco-Nevada (NYSE:FNV) with a Outperform and raises the price target from $285 to $300.
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RBC Capital analyst Josh Wolfson maintains Franco-Nevada (NYSE:FNV) with a Outperform and raises the price target from $285 to $300.
Franco-Nevada shares have gained 12.5% since its Q2 2026 earnings report, outperforming the S&P 500. While revenues surged 57% year-over-year to $581 million and adjusted earnings rose 46%, the company missed consensus EPS estimates ($1.81 vs. $1.95 expected). Profitability margins contracted despite strong revenue growth. The company maintains a debt-free balance sheet with $1.01 billion in cash and expects to track toward the upper half of its 2026 GEO sales guidance of 510,000-570,000 ounces.
August PPI ran hot at 5.4%. Gold fell 2%, the 10-year hit 4.90% and economists split on a September Fed hike.