Franco-Nevada (NYSE:FNV) Azioni

Franco-Nevada

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, located in the U.S, Canada, and Australia.

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Franco-Nevada Corp

FINNOVATE ACQUISITION CORP CL A

FINNOVATE ACQ CORP A by Finnovate Acquisition Corp.

Finnovate Acquisition Corp

FINNOVATE ACQUISITION CORP WT EXP

Finnovate Acquisition Corp Units (1 Ord Class A & 3/4 War)

Finnovate Acquisition Corp Warrants (30/09/2026)

Scotiabank analyst Tanya Jakusconek maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Sector Perform and raises the price target from $150 to $165.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Perform on Franco-Nevada, Raises Price Target to $165

WIIM

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

RGLD

SBSW

SSRM

Shares of precious metals stocks are trading higher as gold and silver gain amid macro uncertainty.

UBS analyst Daniel Major maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy and raises the price target from $170 to $190.

UBS Maintains Buy on Franco-Nevada, Raises Price Target to $190

FEAM

SAND

USAU

Shares of precious metals stocks are trading higher amid a rise in gold.

PAAS

Shares of precious metals stocks are trading higher amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.

Raymond James analyst Craig Stanley maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Outperform and raises the price target from $162 to $181.

Raymond James Maintains Outperform on Franco-Nevada, Raises Price Target to $181

SBWFF

Shares of precious metals stocks are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.The sector is also under pressure amid a rise in the U.S. dollar.

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy and raises the price target from $165 to $180.

HC Wainwright & Co. Maintains Buy on Franco-Nevada, Raises Price Target to $180

Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) has outperformed the market over the past 10 years by 1.35% on an annualized basis producing an average annual return of 11.99%. Currently, Franco-Nevada has a market capitalization of $29.95 billion. 
Buying $1000 In FNV: If an investor had bought $1000 of FNV stock 10 years ago, it would be worth $3,061.01 today based on a price of $155.53 for FNV at the time of writing.
<h3>Franco-Nevada's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742514312_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Franco-Nevada 10 Years Ago Would Be Worth Today

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/03/14/final-trades-uber-nrg-energy-franco-nevada-corp-and-meta.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management said Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is sitting right on top of its 200-day and its <a href="https://www.benzinga.com/quote/UBER/analyst-ratings">50-day moving averages</a>.
Supporting his view, Truist Securities analyst Youssef Squali, on March 6, maintained Uber Technologies with a Buy rating and raised the price target from $90 to $92.
Rob Sechan of NewEdge Wealth named NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) as his final trade.
NRG Energy, on March 12, entered into a definitive agreement to acquire six power generation facilities from Rockland Capital, LLC for $560 million.
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Amy Raskin of Chevy Chase Trust picked Franco-Nevada Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>).
On the earnings front, Franco-Nevada, on March 10, reported fourth-quarter results. Revenue rose 6% year over year (+30% Y/Y excluding Cobre Panama) to $321.0 million, beating the consensus of $305.85 million. The company saw strong production from Candelaria, new assets, and benefiting from record gold prices.
Stephen Weiss of Short Hills Capital Partners named Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) as his final trade.
President Donald Trump has indicated that Meta Platforms could invest up to $60 billion in the United States by the end of the year.
Price Action:
<ul>
<li>Uber shares gained 2.9% to close at $71.55 on Friday.</li>
<li>NRG Energy rose 4.9% to settle at $95.39 during Friday's session.</li>
<li>Franco-Nevada rose 2.1% to close at $153.35 on Friday.</li>
<li>Meta shares gained 3% to close at $607.60 on Friday.</li>
</ul>
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</ul>
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Uber, Meta, NRG Energy And A Basic Materials Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Uber Technologies, NRG Energy, Meta Platforms, Franco-Nevada

Each week,&nbsp;Benzinga's Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also: <a href="https://www.benzinga.com/trading-ideas/25/03/44124338/exclusive-februarys-20-most-searched-tickers-on-benzinga-pro-where-do-tesla-palantir-alibaba-nvidia-rank" target="_blank" rel="noreferrer noopener">EXCLUSIVE &#8211; February's 20 Most-Searched Tickers On Benzinga Pro – Where Do Tesla, Palantir, Alibaba, Nvidia Rank?</a>
Here&#8217;s a look at the Benzinga Stock Whisper Index for the week ending March 14:
Franco-Nevada Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>): The metals company saw increased interest from Benzinga readers during the week as <a href="https://www.benzinga.com/government/regulations/25/03/44308014/gold-hits-record-highs-as-trade-war-fears-fuel-safe-haven-demand-mining-stocks-soar">gold hits record highs</a>. The company <a href="https://www.benzinga.com/25/03/44218003/franco-nevada-reports-stellar-q4-amid-record-gold-prices-eyes-25-revenue-growth-in-2025">reported quarterly results </a>on March 10 with earnings per share of 95 cents per shares and revenue of $321 million each beating analyst estimates. The company reported revenue was up 6% year-over-year and said it saw strong production from new assets. Guidance from the company said it expects to have 25% higher revenue in 2025 on a year-over-year basis. A five-year outlook from the company also highlighted new upcoming production products and how it will increase precious metal GEOs for the company. Several analysts <a href="https://www.benzinga.com/quote/FNV/analyst-ratings">raised their price targets </a>after the quarterly results and guidance.
The stock was up around 4% on the week, as seen in the<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"> Benzinga Pro chart</a> below. The stock is up 32% over the last year.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="491" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112640/Screenshot-350.png" alt="" class="wp-image-825197" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112640/Screenshot-350.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112640/Screenshot-350-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112640/Screenshot-350-768x378.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>): The Chinese online commerce company saw strong interest from readers during the week, which could be related to a number of items, including tariffs on Chinese goods. The company could be impacted by President Donald's Trump <a href="https://www.benzinga.com/news/global/25/02/43442219/why-beer-tequila-avocados-cars-iphone-prices-could-rise-trumps-tariffs-on-canada-mexico-china-to-hurt-several-sectors">trade war with China</a>. PDD Holdings is set to report fourth-quarter financial results on March 20, which could provide a deeper look at the impact tariffs could have. Analysts expect the company to report earnings per share of $2.56 and revenue of $15.68 billion, both figures up from last year's fourth quarter. The company missed earnings per share and revenue in the third quarter, but has a strong streak of more beats than misses for both figures over the last 10 quarters with earnings per share beating estimates in 8 of the last 10 quarters and revenue beating in 7 of the last 10 quarters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112655/Screenshot-351.png" alt="" class="wp-image-825198" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112655/Screenshot-351.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112655/Screenshot-351-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112655/Screenshot-351-768x387.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Okta Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>): The cloud-native cybersecurity company saw increased interest from readers during the week, which comes after recently reporting <a href="https://www.benzinga.com/news/earnings/25/03/44094830/okta-q4-earnings-revenue-beat-eps-beat-strong-guidance-shares-jump-12">fourth-quarter financial results</a> and seeing analysts <a href="https://www.benzinga.com/analyst-ratings/upgrades/25/03/44108947/okta-stock-is-surging-tuesday-heres-why">raise price targets.</a> Okta beat analyst estimates for both earnings per share and revenue. The company said revenue was up 13% year-over-year in the quarter. Guidance from the company for the first quarter came in ahead of analyst estimates as did full fiscal year guidance. The company announced it passed $1 billion in total sales on the Amazon Web Services (AWS) Marketplace in January. Okta first listed secure identity solutions in AWS back in December 2020. Okta has beaten analyst estimates for both revenue and earnings per share in more than 10 straight quarters. Optimism remains high in this stock with many analysts raising their price targets.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112710/Screenshot-352.png" alt="" class="wp-image-825199" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112710/Screenshot-352.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112710/Screenshot-352-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112710/Screenshot-352-768x377.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Axon Enterprise Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>): The defense company and owner of TASER saw strong interest from readers during the week. The company recently reported <a href="https://www.benzinga.com/news/earnings/25/02/43960146/axon-enterprise-shares-rally-after-better-than-expected-q4-results-strong-forward-guidance">fourth-quarter financial results </a>with earnings per share and revenue each beating analyst estimates. Axon has beaten earnings per share and revenue estimates from analysts in more than 10 straight quarters. In the 2024 fiscal year, Axon Cloud &amp; Services revenue was up 44% year-over-year while recurring revenue was up 37% year-over-year. In the fourth quarter, revenue was up 34% year-over-year, marking the 12th consecutive quarter of 25%+ growth.
Citizens Capital Market analyst Trevor Walsh reiterated <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43986397/axon-129-billion-market-opportunity-in-focus-analyst-sees-strong-product-innovation">a Market Outperform rating </a>with a $725 price target after the financial results. Axon's total addressable market has grown from $77 billion to $129 billion thanks to a handful of acquisitions, he added.
Axon stock was up on the week and the stock remains up around 80% over the last year.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112727/Screenshot-353.png" alt="" class="wp-image-825200" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112727/Screenshot-353.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112727/Screenshot-353-300x146.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112727/Screenshot-353-768x374.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>): The brokerage and wealth management company saw strong interest from readers during the week with shares gaining after the company reported <a href="https://www.benzinga.com/news/large-cap/25/03/44330044/charles-schwab-stock-rises-as-february-core-net-new-assets-surge-44-year-over-year">February 2025 activity</a>. The company said its core net new assets from new and existing clients were $48.0 billion, up 44% year-over-year. Total client assets in February were $10.28 trillion, up 16% year-over-year. The company saw 362,000 new brokerage accounts opened in February.
Outside of the February report, Charles Schwab has also made recent headlines working with Trump Media &amp; Technology Group on its TruthFi expansion <a href="https://www.benzinga.com/etfs/specialty-etfs/25/02/43537016/donald-trump-once-said-bitcoin-was-based-on-thin-air-now-his-media-company-is-launching-btc-etf">into financial products. </a>The brokerage is also set to expand retail trading hours for stocks and ETFs to <a href="https://www.benzinga.com/etfs/specialty-etfs/25/02/43661564/charles-schwab-rolls-out-24-5-trading-etf-store-president-says-you-may-not-like-it-but">24 hours a day</a>, five days a week.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="498" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112742/Screenshot-354.png" alt="" class="wp-image-825201" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112742/Screenshot-354.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112742/Screenshot-354-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14112742/Screenshot-354-768x384.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
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Exclusives

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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Gold extended its rally on Friday, surging past the $3,000 mark in early trading, driven by escalating trade tensions, economic uncertainty, and expectations of a Federal Reserve rate cut.
Spot gold, as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), traded at $3,004 per ounce at 7:30 a.m. ET, rising 1.78% and marking its third consecutive session of gains.
The VIX index, which is also known as the fear gauge, is up 63% in the last 12 months and up 39% year-to-date.
Related: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/03/44300810/us-producer-inflation-stalls-in-february-as-services-costs-drop-eggs-price-skyrockets" rel="noreferrer noopener">US Producer Inflation Stalls In February As Services Costs Drop, Egg Prices Skyrocket</a>
Rising recession risks, renewed trade war threats from former President Donald Trump, and unusual market dynamics fuel the rally. Analysts point to hidden buyers and increasing demand for safe-haven assets as key drivers.
Gold, which is also seen as a safe-haven asset, usually trades in an inverse relationship with the VIX. When the market experiences fear, the money moves in gold for safety.
February&#8217;s weaker-than-expected PPI and CPI reports <a target="_blank" href="https://www.benzinga.com/news/econ-s/25/03/44307019/latest-inflation-data-excludes-tariffs-trump-policy-changes-2025-will-be-much-more-volatile-year-economist-says" rel="noreferrer noopener">raised hopes for 2025 rate cuts</a>, but economists caution that rising tariffs and volatile food prices could challenge ongoing disinflation trends.
Experts warn that markets remain highly reactive to geopolitical developments, with inflation volatility, trade tensions, and shifting global alliances creating uncertainty about the economic path ahead.
Meanwhile, Bitcoin is <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/03/44314127/gold-hits-all-time-highs-while-bitcoin-disappoints-did-fed-chair-jerome-powell-jinx-the-digital-gold" rel="noreferrer noopener">underperforming</a> as gold surged to a record high, casting renewed doubts on its status as &#8220;digital gold.&#8221;
The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), which tracks the price of gold, rose 0.49% to $276.48 in the premarket. The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) rose 1.02% premarket, and The VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) gained 1.08%.
Mining Stocks Soar Premarket: Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) rose 1.71%, B2Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTG#NYSE">BTG</a>) up 0.69%, Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) +1.84%, Franco-Nevada Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) up 0.71% and Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) rose 1.23%.
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Photo via Shutterstock

Gold Breaches $3,000 Mark On Market Turbulence And Fed Signals

Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) has outperformed the market over the past 10 years by 1.64% on an annualized basis producing an average annual return of 11.75%. Currently, Franco-Nevada has a market capitalization of $29.08 billion. 
Buying $1000 In FNV: If an investor had bought $1000 of FNV stock 10 years ago, it would be worth $3,119.91 today based on a price of $151.00 for FNV at the time of writing.
<h3>Franco-Nevada's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741903229_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Shares of precious metals stocks are trading higher amid strength in gold and silver due to tariff uncertainty. Gold reached an all-time high.

Gold's strong rise continues, with the precious metal hitting a fresh record on Thursday as investors rush to shield their portfolios from mounting trade<a href="https://www.benzinga.com/topic/tariffs"> tensions and economic uncertainty.</a>
Spot gold as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) traded at $2,969 per ounce at 10:52 a.m. ET, gaining 1.2% and marking its third consecutive session of gains. The metal surged 13% so far in 2025, outpacing every other major asset class.
The S&amp;P 500 — tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — is down 5.2%, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has lost 12% and the U.S. dollar index has slipped 4% year-to-date.
<h1 class="wp-block-heading">Why Is Gold Soaring?</h1>
Gold's rally is driven by a cocktail of economic and geopolitical risks. President Donald Trump's administration has reignited fears of a global trade war, by threatening countries with high tariffs. 
Meanwhile, signs of economic weakness are becoming more pronounced. The Atlanta Federal Reserve's GDPNow model projects a 2.4% contraction for the U.S. economy in the first quarter of 2025, while JPMorgan has raised its probability of a recession this year to 40%.
&#8220;A large and unknown player is driving gold's recent rally,&#8221; Ross Norman, CEO of Metals Daily Ltd. said. This could explain why the metal is defying normal trading patterns and pushing higher despite fluctuating bond yields and currency movements.
&#8220;As the trade war started by President Trump worsens, there is no wonder why gold continues to be one of the best-performing assets right now,&#8221; veteran market strategist Ed Yardeni said.
<h1 class="wp-block-heading">Where Does Gold Go From Here?</h1>
With risk aversion dominating sentiment, analysts are raising their gold price forecasts. Joni Teves of UBS Investment Bank, speaking on CNBC's &#8220;Squawk Box,&#8221; said, &#8220;Risk aversion created by the geopolitical landscape, particularly tariffs, is still going to work in favor of adding gold to the portfolio.&#8221; 
UBS expects gold to reach $3,100 per ounce by the end of the year.
Macquarie Group analysts are even more bullish, forecasting gold could hit $3,500 by the third quarter.
"We view gold's price strength to date, and our expectation for it to continue, as primarily being driven by investors' and official institutions' greater willingness to pay for its lack of credit or counterparty risk," the organization wrote.
<h1 class="wp-block-heading">Mining Stocks Soar On The Heels Of Gold Rally</h1>
The gold rally has breathed new life into mining stocks, though many remain well below past highs.
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) jumped 3.2% but is still trading 35% below its 2011 peak. The VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) also gained 3.2% but remains 70% below its 2010 record.
Among individual stocks, Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) climbed 5.1%, B2Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTG#NYSE">BTG</a>) advanced 4.8%, Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) added 3.8%, Franco-Nevada Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) gained 3.1% and Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) rose 2.7%.
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Gold Hits Record Highs As Trade War Fears Fuel Safe-Haven Demand: Mining Stocks Soar

UBS analyst Daniel Major maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy and raises the price target from $165 to $170.

UBS Maintains Buy on Franco-Nevada, Raises Price Target to $170

Scotiabank analyst Tanya Jakusconek maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Sector Perform and raises the price target from $145 to $150.

Scotiabank Maintains Sector Perform on Franco-Nevada, Raises Price Target to $150

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) with a Buy and raises the price target from $155 to $165.

HC Wainwright & Co. Maintains Buy on Franco-Nevada, Raises Price Target to $165

Franco-Nevada Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) shares are trading higher premarket on Monday after the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44214573/franco-nevada-reports-q4-and-year-end-2024-results" rel="noreferrer noopener">company reported fourth-quarter results</a>.
Revenue rose 6% year over year (+30% Y/Y excluding Cobre Panama) to $321.0 million, beating the consensus of $305.85 million.
The company saw strong production from Candelaria, new assets, and benefiting from record gold prices. The company sold 120,063 GEOs in the quarter, down 21% Y/Y, owing to impact of the production halt at Cobre Panama.
As of December 31, 2024, Franco-Nevada held 6,216 stream gold ounces and 150,000 stream silver ounces in inventory.
Adjusted EBITDA increased 9% Y/Y to $277.4 million in the quarter. Adjusted EPS of&nbsp;$0.95&nbsp;exceeded <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the street view of $0.89</a>.
Operating cash flow stood at $243.0 million. As of December 31, 2024, cash and cash equivalents came in at $1.45 billion.
The company disclosed a dividend per share of&nbsp;$0.38 effective first quarter of 2025, representing an annual increase of 5.6%.
Paul Brink, CEO said, &#8220;Post year-end, we also announced a financing package to support Discovery Silver&#8217;s acquisition of Newmont&#8217;s Porcupine Complex in&nbsp;Timmins. Together, the transactions have the potential to add 85-95K&nbsp;GEOs per annum to our medium-term production profile. These new additions, along with a number of new mine starts, contribute to the strong growth outlined in our 2025 guidance and outlook over the next five years.&#8221;
&#8221;We are encouraged that President Mulino has indicated a willingness to discuss Cobre Panama this year and that sentiment in&nbsp;Panama&nbsp;now appears more supportive of restarting the mine.&#8221;
Outlook: The company expects revenue for 2025 to be <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">higher by 25% Y/Y</a>.
Franco-Nevada expects a 14% Y/Y increase in Precious Metal GEOs and a 7% Y/Y increase in Total GEOs for 2025, excluding contributions from Cobre Panama.
For 2028, the company targets precious Metal GEOs to rise to between 400,000 and 440,000 GEOs, and Total GEOs to increase to between 505,000 and 565,000 GEOs, reflecting an 18% and 15% growth, respectively, compared to 2024.
For 2029, Precious Metal GEOs are projected to reach between 375,000 and 415,000 GEOs, and Total GEOs to grow to between 490,000 and 550,000 GEOs, representing an 11% and 12%, respectively, compared to 2024.
The five-year outlook anticipates the start of production at Valentine Gold, Stibnite, Eskay Creek, Castle Mountain Phase 2, the Coroccohuayco project at Antapaccay, the planned underground expansion at Candelaria, and the long-term expansion of Magino.
Investors can gain exposure to the stock via&nbsp;VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>).
Price Action: FNV shares are up 1.06% at $144.80 premarket at the last check Monday.
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