12:25 PM EDT, 05/15/2025 (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 CAD5 to CAD240, or 35.4x our 2026 EPS estimate, which is in line with FNV's two-year average forward P/E, but a premium relative to peers, which are trading at an average forward P/E of 33.2x. We raise our 2025 EPS estimate by USD0.37 to USD4.45 and our 2026 EPS forecast by USD0.05 to USD4.85. FNV posted Q1 adjusted EPS of USD1.07 vs. USD0.71, USD0.07 above consensus, driven by a top-line beat of 10%. The Q1 adjusted EBITDA margin expanded by 320 basis points Y/Y to 87.4%, highlighting Franco-Nevada's ( FNV ) high-margin business model. Despite the continued suspension of operations at Cobre Panama, Franco-Nevada ( FNV ) demonstrated the resilience of its portfolio. The company sold 126,585 gold equivalent ounces (GEOs) in Q1, up 3.0% Y/Y, with notable contributions from Candelaria, Tocantinzinho, and the newly acquired Western Limb Mining Operations stream. The Energy segment also performed well, with revenue increasing 32.4% Y/Y to USD58M.