Latest news with #Franco-NevadaCorporation
Cision Canada
16 hours ago
- Business
- Cision Canada
Franco-Nevada Update on Arbitration Proceeding in Panama
TORONTO, June 18, 2025 /CNW/ - Franco-Nevada Corporation (" Franco-Nevada") (TSX: FNV) (NYSE: FNV) provides an update regarding its arbitration proceeding related to the Cobre Panama mine. Following engagement with the Government of Panama's legal counsel, Franco-Nevada has agreed today to suspend its arbitration proceeding. Franco-Nevada had previously filed a request for arbitration under the Canada-Panama Free Trade Agreement to the International Centre for Settlement of Investment Disputes on June 27, 2024. Franco-Nevada reiterates its hope for a resolution with the State of Panama providing the best outcome for the Panamanian people and all parties involved. SOURCE Franco-Nevada Corporation
Yahoo
29-05-2025
- Business
- Yahoo
BofA Maintains Hold Rating on Franco-Nevada (FNV) Stock
On May 28, analyst Lawson Winder from Bank of America Securities reiterated a Hold rating on Franco-Nevada Corporation (NYSE:FNV) with a price target of C$266. The reiteration comes after the company acquired a stake in Cote Gold Mine in Canada. An aerial view of a large gold mine showing the extensive activity of natural resource extraction. Franco-Nevada Corporation (NYSE:FNV) is a Canadian company focused on gold royalties and streaming. Rather than operating mines or conducting exploration, the company provides financing to mining companies in exchange for royalties or streams. The company recently acquired a 7.5% gross margin royalty on the Cote Gold mine in Canada for $1.05 billion. Analyst Winder noted that this opportunity offers a royalty on a long mine life, with a modest immediate internal rate of return, considering the current gold prices. However, this step has led Franco-Nevada Corporation's (NYSE:FNV) net asset value to decline by 2% to C$266 per share. Regardless of the company's diversified portfolio and its long-term exposure to precious metals, it is trading at a premium to its peers in the industry. Winder believes that the company's long-term growth prospects do not justify the premium price despite the potential of its newly acquired stake in Cote Gold Mine, therefore, he reiterated a Hold rating. While we acknowledge the potential of FNV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FNV and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Yahoo
29-05-2025
- Business
- Yahoo
BofA Maintains Hold Rating on Franco-Nevada (FNV) Stock
On May 28, analyst Lawson Winder from Bank of America Securities reiterated a Hold rating on Franco-Nevada Corporation (NYSE:FNV) with a price target of C$266. The reiteration comes after the company acquired a stake in Cote Gold Mine in Canada. An aerial view of a large gold mine showing the extensive activity of natural resource extraction. Franco-Nevada Corporation (NYSE:FNV) is a Canadian company focused on gold royalties and streaming. Rather than operating mines or conducting exploration, the company provides financing to mining companies in exchange for royalties or streams. The company recently acquired a 7.5% gross margin royalty on the Cote Gold mine in Canada for $1.05 billion. Analyst Winder noted that this opportunity offers a royalty on a long mine life, with a modest immediate internal rate of return, considering the current gold prices. However, this step has led Franco-Nevada Corporation's (NYSE:FNV) net asset value to decline by 2% to C$266 per share. Regardless of the company's diversified portfolio and its long-term exposure to precious metals, it is trading at a premium to its peers in the industry. Winder believes that the company's long-term growth prospects do not justify the premium price despite the potential of its newly acquired stake in Cote Gold Mine, therefore, he reiterated a Hold rating. While we acknowledge the potential of FNV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FNV and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Franco-Nevada Price Target Raised to $195 by H.C. Wainwright After Royalty Deal
H.C. Wainwright analyst Heiko Ihle raised the price target for Franco-Nevada Corporation (NYSE:FNV) from $180 to $195, while maintaining a Buy rating on the company's shares on May 28. The adjustment comes after Franco-Nevada announced that it had reached a deal to purchase a royalty package on the Côté Gold Mine in Ontario. The recently purchased royalty package covers the Chester 1, 2, and 3 claims and contains a 7.5% gross margin royalty on the Côté Gold Mine. This covers more than 99.9% of the present mineral resources found at the Côté Gold Mine as well as all mineral reserves. Additionally, industry rivals IAMGOLD and Sumitomo, who also operate the site, have the opportunity to acquire up to half of Franco-Nevada's royalties under the terms of the arrangement. Franco-Nevada Corporation (NYSE:FNV) anticipates that the deal will close by the end of the second quarter of 2025 and that the royalty's economic benefits will start on the date of the deal's closing or July 1st. While we acknowledge the potential of FNV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FNV and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Franco-Nevada Price Target Raised to $195 by H.C. Wainwright After Royalty Deal
H.C. Wainwright analyst Heiko Ihle raised the price target for Franco-Nevada Corporation (NYSE:FNV) from $180 to $195, while maintaining a Buy rating on the company's shares on May 28. The adjustment comes after Franco-Nevada announced that it had reached a deal to purchase a royalty package on the Côté Gold Mine in Ontario. The recently purchased royalty package covers the Chester 1, 2, and 3 claims and contains a 7.5% gross margin royalty on the Côté Gold Mine. This covers more than 99.9% of the present mineral resources found at the Côté Gold Mine as well as all mineral reserves. Additionally, industry rivals IAMGOLD and Sumitomo, who also operate the site, have the opportunity to acquire up to half of Franco-Nevada's royalties under the terms of the arrangement. Franco-Nevada Corporation (NYSE:FNV) anticipates that the deal will close by the end of the second quarter of 2025 and that the royalty's economic benefits will start on the date of the deal's closing or July 1st. While we acknowledge the potential of FNV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FNV and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and . Disclosure: None. Sign in to access your portfolio
