
TSE:FNV
This summary was created by AI, based on 8 opinions in the last 12 months.
Franco-Nevada Corp. (FNV) is widely regarded as a solid investment within the precious metals sector despite its premium pricing. Experts emphasize the importance of having precious metals as a diversifier and insurance in every portfolio, with many recommending a 10% allocation. The company is seen as a safe choice due to its no-debt structure and consistent performance, benefiting from current market dynamics and discussions around currency debasement. While some analysts express caution about its sustainability after significant gains, they maintain a positive outlook for the company's future. Moreover, FNV is consistently mentioned alongside other robust precious metals stocks, suggesting a strong consensus on its viability as a long-term holding.
A well-run company. A $300 million royalty stream each year. They buy the gold streams of existing mines. They say they can go into energy and use the same multiples on valuation. He sold it a couple of years ago, when it was in the early $90 range. As soon as he sees a technical floor forming, it would be the first stock they would buy in the space.
This company has traditionally been a core hold as it tends to have lower volatility. However, as he has become more bullish on gold, he is looking for more torque in the actual E&P list of companies at this time. He thinks $1100 per ounce is a floor for gold prices. (Analysts’ price target is $109)