
TSE:FNV
This summary was created by AI, based on 6 opinions in the last 12 months.
Franco-Nevada Corp. (FNV) has garnered substantial acclaim among analysts for its strong position in the royalty business across precious metals, base metals, and to a lesser extent, gas and oil. The company boasts a solid execution track record with no operational risks and no debt obligations, which strengthens its financial stability. Despite a relatively modest dividend yield of 0.84%, FNV has demonstrated remarkable growth, averaging an impressive 44% annually over the last decade. There is anticipation around upcoming catalysts related to FNV's backlog, expected to materialize in the near term. While some experts note its premium price in comparison to the broader gold market, they remain bullish on its future prospects, stressing that precious metals serve as an essential diversifier in investment portfolios.
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)