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. Stock
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Franco-Nevada Corp. stock is not clear.
As a result the target price of 120 € shows a slightly positive potential of 8.45% compared to the current price of 110.65 € for Franco-Nevada Corp..
