11:45 AM EDT, 03/13/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by CAD112 to CAD443, which is 34.8x our 2027 EPS estimate, in line with FNV's two-year avg. fwd P/E. We raise our 2026 EPS estimate by USD1.84 to USD8.61 and start 2027E at USD9.30. FNV benefits from a capital-light business model that delivers industry-leading 91% EBITDA margins while avoiding direct operational risks. The company's debt-free balance sheet and USD3.1 billion in available capital position it well for continued growth. For 2026, FNV guides to 510,000-570,000 GEOs, with 90% from precious metals, reflecting first full-year contributions from Cote Gold, Porcupine, Valentine Gold, and recent acquisitions of Casa Berardi and i-80 royalties. The 2030 outlook of 555,000-615,000 GEOs incorporates new mine contributions from Stibnite Gold, Copper World, Eskay Creek, and Cascabel, plus expansions at Detour Lake and Magino. A potential Cobre Panama restart would add 150,000-175,000 annual GEOs, representing significant additional upside not included in base guidance.