BofA raised the firm’s price target on Franco-Nevada (FNV) to $220 from $211 and keeps a Neutral rating on the shares. The firm raised price targets for its North American precious metals coverage by 16% on average on the back of higher gold and silver price forecasts, telling investors that the firm’s commodities team now forecasts gold to reach $5,000 per ounce and silver to hit $65 per ounce.
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Read More on FNV:
- Franco-Nevada price target raised to C$460 from C$315 at CIBC
- Franco-Nevada price target raised to $234 from $218 at Raymond James
- December Gold tops $4,000 per ounce, Goldminers higher
- Franco-Nevada to Announce Q3 2025 Financial Results
- Franco-Nevada downgraded to Hold from Buy at Canaccord (earlier)