Why Shares of Franco-Nevada Rose 10% in 2021
Looking at the performance of a gold-focused stock like Franco-Nevada (NYSE: FNV) in 2021, you'd expect to see that the stock had fallen. After all, there's a strong correlation between the movements in the price of gold and those of stocks that are tied to the yellow stuff. But that's not the case with Franco-Nevada, which ended 2021 10.3% higher than when it began, according to data from S&P Global Market Intelligence.
What motivated investors to add some luster to their portfolios with the royalty and streaming company? For one, Wall Street waxed bullish on the stock's prospects throughout the year, while the company's consistently strong earnings reports and dividend raises represented additional catalysts.
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Source Fool.com
