
TSE:FNV
This summary was created by AI, based on 8 opinions in the last 12 months.
Franco-Nevada Corp. (FNV) is recognized positively by several experts who note its role as a solid investment within the precious metals market, particularly as an insurance component in portfolios. While its pricing might appear premium compared to other gold assets, many analysts still advocate for its potential upside, stemming from large upcoming transactions and discussions surrounding currency debasement. It's often recommended, with some experts suggesting strategic trimming of positions depending on its price movements. The company showcases a strong balance sheet with no debt and is regarded as a reliable performer, particularly in the context of the current market dynamics in commodities and precious metals. Despite mixed opinions on short-term price movements, FNV is considered a staple in gold 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)