A Canada-based, gold-focused royalty and streaming company, Franco-Nevada almost sounds like it works in the music industry. But in fact, it’s all to do with mining of gold and other metals. Learn the latest information and analysis on the company, FNV stock price today, stock news, how much one share costs and other information to help you make investment decisions.
Check out Gainy to see insights on stock prices and more.
In 2007, Newmont (NEM) decided to divest the royalty assets in its portfolio, and Franco-Nevada was launched as an IPO in the same year. Much like in music, royalties are assets that are paid by one party to another for use of their assets, i.e. mines. Streaming is when a company pays upfront financing to mining companies who then sell their metal production at a better price to the streaming company.
Franco-Nevada is one of the fastest growing gold companies as its revenue grew 57% and EPS by 63%. This is due to the specifics of their high margin business, but the company plays wise and diversifies risks — it has one of the largest investment portfolios in the streaming/royalty space. The Franco-Nevada stock price reached its all-time high of $169 on April 11, which means it’s probably better to enter on a dip.
Check back to this page for the FNV stock quote or download Gainy to always have all the key stock info and stock quotes for all the public stocks right in your pocket.
