Franco-Nevada Powers Up on Gold, Energy Growth
Natural resources businesses can be volatile, and dramatic moves in commodity prices can make what was once an economically viable mining or drilling business unprofitable. Franco-Nevada (NYSE: FNV) limits its exposure to operational risk by entering into financing agreements with producers in exchange for a share of their production. Historically, Franco-Nevada focused almost exclusively on streaming agreements with mining companies, but more recently, it has shifted its strategic focus to look more extensively at royalty arrangements with oil and gas exploration and production companies.
Franco-Nevada investors have been optimistic about the company's prospects, and they had hoped that its third-quarter earnings report earlier this month would heighten the positive momentum that the streaming giant has achieved throughout 2017. Franco-Nevada's results were solid, and the company has many avenues for further growth that could drive performance in 2018 and beyond.
Cobre Panama project. Image source: Franco-Nevada.
Source: Fool.com
Franco-Nevada Corp. Aktie
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Für Franco-Nevada Corp. sieht die Community ein leicht positives Kursziel von 120 €, verglichen mit dem aktuellen Kurs von 113.25 €.
