Added to YB: 2023-12-05
Pitch date: 2023-12-05
FNV [bullish]
Franco-Nevada Corporation
+139.18%
current return
Author Info
No bio for this author
Company Info
Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa.
Market Cap
CAD 44.9B
Pitch Price
CAD 142.91
Price Target
N/A
Dividend
0.76%
EV/EBITDA
21.04
P/E
30.45
EV/Sales
19.09
Sector
Metals and Mining
Category
special_situation
The trade here, in my opinion, is to own Franco-Nevada (FNV).
FNV (new position): Largest gold royalty streamer, superior model vs miners (400% return since '08 vs gold +75%). Down 31% from highs on First Quantum/Cobre Panama halt (22% of rev) even as gold hits $2,100. Overreaction: mine likely reopens 2024 or FQ wins arbitration w/ FNV getting proportionate settlement. Skilled allocator, high IRRs.
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