CIBC Remains Bullish on Franco-Nevada Corporation (FNV)

Franco-Nevada Corporation (NYSE:FNV) is one of the most profitable gold stocks to buy right now. On July 25, CIBC analyst Cosmos Chiu maintained a Buy rating on Franco-Nevada Corporation (NYSE:FNV) and set a price target of C$315.00.

The rating followed the company’s July 23rd announcement of the acquisition of an existing 1.0% net smelter return royalty on AngloGold Ashanti plc’s Arthur Gold Project from Altius Minerals Corporation. The transaction was worth $250 million in cash, along with a contingent cash payment of $25 million, subject to the attainment of certain conditions.

Management reported that the Arthur Gold Project is one of the fastest-growing and largest new gold discoveries in the US.

Franco-Nevada Corporation (NYSE:FNV) manages a gold-focused royalties and streams portfolio. The company provides investors with gold price and exploration optionality while reducing exposure to many of the risks associated with operating companies.

While we acknowledge the potential of FNV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.