FNV:TSX
FNV:NYSE

Franco-Nevada Corp.

Franco-Nevada Corporation is a resource royalty and investment company owning a diversified portfolio of precious and base metal royalties, oil and natural gas royalties and other interests. The portfolio includes assets in production, under development or in the exploration phase mostly located in geopolitically secure countries. Franco-Nevada intends to use its free cash flow to expand its portfolio and pay dividends.

Expert Comments:

James Fraser, Resource Opportunities (1/30/15)
"Often the most valuable asset in a mining project is a royalty. . .because it has no financing risk, and it trades at a premium. Franco-Nevada Corp., the grand-daddy of the royalty space, has demonstrated how successful a royalty business can be when management consistently executes on royalty acquisitions. Franco-Nevada has built its portfolio into a CA$10.8 billion market cap company, the largest precious metals royalty play in the world. The stock, trading at a 52-week high, has outperformed both the gold price and gold equities in the last several years."

"We view Franco-Nevada Corp., a royalty company, as an outlier [a well-run company]. . .it is a leader of our industry." read more >

GMP Securities (12/8/14)
"Franco-Nevada Corp. has demonstrated that its quality portfolio of assets and access to capital (to execute on meaningful new royalties/streams such as the recent Candelaria stream) position it well to thrive even in this metal price environment."

"Franco-Nevada Corp. is so well capitalized and it has been making a ton of deals over the last 12–18 months. Franco is making money and adding more streams and attributable production. Its stock has held up really well in a difficult time. . .The one thing with Franco is that it tends to outperform at the very end of bear markets and then at the beginning of bull markets. This is a stock that should continue to perform really well, and if gold goes up, as I believe it will, it will benefit greatly, as will its partner companies. A higher gold price means that Franco won't have to worry about its partners getting into trouble." read more >

"I think royalty companies are the safest plays—Franco-Nevada Corp. is one of the three amigos. They have high-margin businesses and low cost of capital, and there are very smart people running these companies." read more >

Alex Terentiew, Raymond James (11/5/14)
"Franco-Nevada Corp. reported a high-quality Q3/14, as its peer-leading diversified portfolio delivered a beat to sales in both gold and oil and gas, prompting the company to raise its 2014 precious metals sales guidance. . .adjusted Q3/14 EPS came in at $0.23 versus our estimate at $0.21 and consensus of $0.22."

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