Franco-Nevada Corp.

FNV-T

He's not a gold bug and prefers royalty companies. So, FNV is his favourite gold stock. The current price is too high as an entry point, so buy below $100 like $95. Otherwise, hold onto it. He prefers this to junior gold producers.

Or buy gold itself? He's not a gold bug. FNV is unique because it is a gold royalty company and not concerned with the daily price of gold. It's better to own this than actual physical gold, because it's less volatile, untouched by geopolitical headlines. Otherwise, invest outside gold.

It looks that it is just starting to break the long ceiling. That would be very bullish. So far so good for this stock.

Is gold hitting resistance? Gold prices are testing key resistance again at $1350 /oz. He thinks a pullback may be coming back towards $1300 soon and reaccelerate later in the summer to potentially test $1400 or higher. Trading in the mining space seems to suggest the smart money is heading for the exit right now. If you are patient you may be rewarded handsomely. FNV is a good quality holding for the space. The return to highs near $110 are looking a little long in the tooth. He would be patient to try to enter near $100 per share.

He models only $48.88. It pays a meager dividend. This is way overpriced. Gold is having a good run though, but he holds little gold.

(A Top Pick Aug 14/18, Up 15%) Four criteria for picking gold companies: good solid management, low cost production, reserves on the ground, geopolitical importance. Not a producer, it gets royalties. Dividend is set to increase. Not just gold, it's diversified. He'd recommend it to anybody as part of a small percentage in your portfolio.

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.