05:35 AM EDT, 09/10/2025 (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 CAD39 to CAD297, or 35.4x our 2026 EPS estimate, in line with FNV's two-year avg. forward P/E. We raise our 2025 EPS estimate by USD0.05 to USD5.09 and 2026 EPS by USD0.76 to USD6.05. FNV's royalty/streaming business model provides exceptional margins with minimal capital requirements, generating substantial FCF that supports an 18-year track record of consecutive dividend increases. Management's disciplined approach of maintaining financial flexibility over debt optimization has repeatedly enabled opportunistic acquisitions during industry downturns, creating significant shareholder value. The investment thesis centers on FNV's unique exposure to geological optionalitythe potential for discoveries to expand far beyond initial resource estimates. Historical successes like Goldstrike (500x return) and Detour (250x return) demonstrate how royalties on gold deposits can generate extraordinary long-term returns as operators drill deeper and discover larger ore bodies.