01:55 PM EDT, 03/13/2025 (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 lift our 12-month target by CAD49 to CAD235, or 34.0x our 2026 EPS estimate, which is a small discount to FNV's two-year average forward P/E of 35.6x. During the trailing two-year period, FNV has traded at a minimum forward P/E of 29.6x and a maximum of 43.4x. FNV is currently trading at a forward P/E of 36.8x, a 15% premium relative to peers (streaming and royalty companies focused on precious metals), which are trading at an average forward P/E multiple of 32.1x. We think this premium makes sense given FNV's leadership position in terms of production and number of assets in its portfolio. We think FNV's valuation is pricing in an eventual restart of Cobre Panama (CP) and we note that there are significant risks related to the timing of the restart and the pace of the ramp up afterwards. The risks related to CP, combined with FNV's energy exposure (crude and natural gas), keep us at Hold, despite our bullish outlook on precious metals. We up our 2025 EPS view by USD0.13 to USD4.08 and set 2026 at USD4.80.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.