H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Franco-Nevada (FNV – Research Report) today and set a price target of $180.00.
Heiko Ihle has given his Buy rating due to a combination of factors highlighted during Franco-Nevada’s investor day in Toronto. The event provided a comprehensive overview of the company’s strategic direction and growth prospects, emphasizing its commitment to remaining a leading gold investment while expanding cash flow and net asset value per share. CEO Paul Brink underscored the firm’s successful history of deal-making as a key driver of future growth.
Furthermore, the presentations by CIO Eaun Gray and other management members highlighted Franco-Nevada’s robust balance sheet, which offers flexibility to seize emerging opportunities and adapt to market changes. The company’s diversification strategy, as explained by SVP Jason O’Connell, aims to maintain a premier position in the gold sector by limiting exposure to non-precious metals and energy assets. CFO Sandip Rana reinforced this outlook by detailing Franco-Nevada’s strong capital position and financial flexibility, projecting growth in gold equivalent ounces sold through 2029.
According to TipRanks, Ihle is a 5-star analyst with an average return of 8.4% and a 49.09% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, MAG Silver, and Galiano Gold.
In another report released on March 11, Stifel Nicolaus also maintained a Buy rating on the stock with a C$220.00 price target.