B+
Bull case
25%
Probability
Target price
$320.00
+35.6% vs current
Consensus targets cluster near $259, producing cautious optimism; notes show high-end upside but wide dispersion. Short-term sentiment is sensitive to gold moves and analyst revisions.
No evidence quality warning is currently attached to this memo.
Broker/analyst target revisions (median currently $259) often follow quarterly releases or commodity moves and can reprice shares.
A >10% move in gold/silver spot prices materially affects royalty revenue and near-term sentiment for FNV.
A sizable acquisition or royalty portfolio add could re-rate Franco‑Nevada; timing uncertain so use end-of-window assumption for planning.
No formal recommendation provided.