CIBC Raises its Price Target on Franco-Nevada Corporation (FNV) to C$480 and Reiterates an Outperformer Rating

Franco-Nevada Corporation (NYSE:FNV) is included among the 11 Best Mining Stocks to Buy According to Wall Street.

On February 4, 2026, CIBC raised its price target on Franco-Nevada Corporation (NYSE:FNV) to C$480 from C$460 and reiterated an Outperformer rating. The price target update on Franco-Nevada Corporation (NYSE:FNV) came as the firm lifted targets across its precious metals coverage after raising its gold price forecast to $6,000 per ounce in 2026 and $6,500 in 2027, while also increasing copper assumptions. CIBC said that the same demand drivers that supported the sector in 2025 remain in place for 2026, with heightened geopolitical uncertainty adding further support.

Other firms have adjusted their views earlier in the year as part of their broader sector updates. On January 30, 2026, UBS raised its price target on Franco-Nevada Corporation (NYSE:FNV) to $310 from $270 previously and maintained a Buy rating. Earlier, on January 26, 2026, Scotiabank lifted its price target to $283 from $225 previously while keeping a Sector Perform rating, citing higher gold and silver price forecasts supported by economic and geopolitical uncertainty and continued central bank buying.

Franco-Nevada Corporation (NYSE:FNV) operates a global royalty and streaming portfolio with a primary focus on precious metals, including gold and silver, alongside exposure to other mining assets and energy-related interests across the Americas, Australia, Europe, and other regions.

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