Franco-Nevada Corp.

FNV-T

The premier gold royalty company. A great investment. He feels bad for not owning it in the past. Gold prices near $1300 US and if you feel prices are going higher this would be good.

Cash operating margin and dividend are strong (and they just raised it). He's choosing FNV to give his portfolio balance. (Analysts’ price target is $111.63)

Set up now for good seasonality. The premium company in this space. It's volatile, though rangebound over the past 30 months. Excellent balance sheet. The US dollar is a tailwind. For the past 10 summers, FNV has outperformed the market by 9%. (Analysts’ price target is $110.12)

(A Top Pick Apr 03/18, Up 5%) A solid performer in recent years and pays a good, growing dividend. He can sleep at night owning this. It's not a miner, but a royalty company involved in copper and oil. Diversified.

Is the price of gold manipulated? Gold is now in a sideways range during a commodity bear market that'll last to 2030. That explains why FNV has been in a sideways trading range for so long. It FNV breaks above the current $100 that will be encouraging. Meanwhile, he would wait. June/July is gold's seasonality, so watch it then and possibly buy.

Over the next year, you need an analysis of what you expect for the US dollar. Fed had been increasing rates, yields are higher, which was positive for the currency. Market recovery from December was a bit of a blow for precious metals. Royalty companies are more expensive than the producers. He's sat out the sector for a long time.

A low-risk way to play gold and a strong performer there. Buy gold in a low-interest rate environment; it will likely go up.

The best of the best. High quality company. Sells at a premium but it is worth it. Best capital allocator in the space. The Administrative expense ratio to Cash flow is 0.12%. Very lean company ran for the benefit of shareholders.

They are more expensive than the operating companies. This is a very well run company. When gold moves this one will go with it.

A perfect stock for an older investor. A steady climber that's broken away from the other gold stocks. It's always paid a dividend which is tied to the price of commodity--which will grow over time.

(A Top Pick Jan 17/18, Down 5%) Believe in strategy and management team and the assets (royalties). Way to get exposure to gold, which he's constructive on, without exposure to mining companies. Likes that they're diversifying away from gold. Delivering great year over year growth. Developing one of the biggest copper mines in the world. Continues to buy.

He regrets not owning this. This is a safe way to invest in gold, since they finance gold companies and don't run them. (He's not a gold bug.) Well-diversified and -managed. Good balance sheet.

(A Top Pick Dec 05/17, Down 7%) It's up 6% in the last month. Investors are waiting for gold to break out of its range, held back by a hawkish Fed and strong US dollar, and FNV would benefit. He could add to his position now. The US dollar remains too strong, a headwind.

Chart is choppy. Looks like it has a support level at $80. If it gets to $100 he would sell. (Analysts’ price target is $105)

Massive disconnect as to true value of gold. One of the most solid names you can own. Don’t be concerned with the price, because you’re buying insurance. Most conservative of the sector. It’s gold, oil, and other assets. At this price, it’s a gift. One of the few precious metals companies with a dividend. 10-20% of investable assets should be in solid precious metals, and he would recommend this name.